Tether Signs Agreement with Guinea to Explore Blockchain and Innovation
Tether, the leading crypto stablecoin issuer, has entered a strategic agreement with Guinea to foster blockchain adoption and peer-to-peer technology development in the West African nation. The agreement marks another significant step in Tether’s ongoing efforts to expand blockchain solutions globally.
In a blog post dated February 17, Tether revealed it had signed a memorandum of understanding (MOU) with Guinea. The agreement is intended to establish a foundation for the country’s adoption of blockchain technologies, promote innovation, and create a business-friendly environment for tech advancements.
The partnership focuses on sharing best practices related to education, innovation, and sustainable technology initiatives. Tether emphasized that its mission is to leverage blockchain’s potential for economic development and build a framework that benefits both the public and private sectors in Guinea.
A key component of the MOU is Tether’s commitment to developing educational programs aimed at raising awareness and cultivating blockchain expertise. These programs will span across Guinea’s public and private sectors, equipping local talent with essential digital skills.
“Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation,” said Paolo Ardoino, Tether’s CEO.
Guinea’s Vision for Technological Growth
Djiba Diakité, chief of staff to Guinea’s interim president, Mamady Doumbouya, expressed optimism about the collaboration. He emphasized that Guinea’s goal is to provide its youth with the tools necessary to meet global challenges and harness opportunities in the digital economy.
Tether will also offer support for Guinea’s “Innovation City” project, a government initiative designed to create dedicated spaces for technological research and innovation. This collaboration is expected to attract tech companies and foster a vibrant tech ecosystem in the country.
Blockchain Adoption Trends in Africa
Emerging markets across Africa have shown impressive leadership in adopting cryptocurrencies and blockchain technologies. According to a December survey by Consensys, 84% of respondents in Nigeria owned a crypto wallet in the past year, with 66% in South Africa also reporting crypto adoption. By comparison, only 43% of survey participants in the United States claimed to own a crypto wallet.
Through its latest partnership with Guinea, Tether aims to empower African nations with blockchain-driven economic opportunities and continue its mission to promote innovation in developing regions.
