Tether Partners with Guinea to Drive Blockchain Adoption in Africa

Tether, the issuer of the world's largest stablecoin, has signed a Memorandum of Understanding (MoU) with the Republic of Guinea, marking a significant step towards global blockchain adoption. The collaboration, announced on February 17th, aims to explore blockchain and peer-to-peer technologies, drive economic growth, and position Guinea as a leader in Africa's digital transformation.

The MoU, signed between Tether and the Guinean government, underscores Tether's commitment to supporting blockchain adoption globally. The company stated that the agreement focuses on education, innovation, and sustainable technology practices, facilitating the transfer of international knowledge and best practices to Guinea. Tether will work closely with local institutions to support blockchain development and build Guinea's economy.

Guinean leadership has welcomed this intervention, with M. Djiba Diakité, the chief of staff to the Presidency of Guinea, stating, "The signing of this MoU between the Republic of Guinea and Tether represents a major strategic step forward in our quest for an inclusive and sustainable digital transformation." Similarly, M. Alpha Bacar Barry, the Minister of Higher Education, Scientific Research, and Innovation, expressed enthusiasm about strengthening educational and scientific infrastructures and equipping young people to meet global digital transformation challenges.

Tether's collaboration with Guinea is not an isolated incident. The company has previously worked with nations like the UAE, Turkey, and Uzbekistan to build robust blockchain infrastructures. By partnering with these countries, Tether is helping the world understand blockchain technology one nation at a time.