Tether is set to expand access to blockchain and peer-to-peer technologies through a new partnership with the government of the Republic of Guinea.
In an announcement on Feb. 17, Tether revealed that it had signed a memorandum of understanding with the government of Guinea. The collaboration aims to drive economic growth and digital transformation in the country.
According to a blog post shared by Tether, the memorandum of understanding will focus on education, innovation, and sustainable technology. Tether plans to leverage its expertise and resources to promote blockchain adoption and innovation. The partnership may also extend to the City of Science and Innovation of Guinea.
“This MoU reflects our commitment to helping countries build resilient digital economies. 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.”
Paolo Ardoino, CEO of Tether.
Tether is the company behind the world’s largest U.S. dollar-pegged stablecoin Tether (USDT), and has inked multiple deals with different governments around the world.
Recently, Tether announced the relocation of its global headquarters to El Salvador, the first sovereign nation to adopt Bitcoin (BTC) as legal tender under President Nayib Bukele’s leadership.
Tether’s collaborations to drive blockchain and cryptocurrency adoption include partnerships with the City of Lugano in Switzerland, as well as initiatives in Turkey, Uzbekistan, and Georgia.
The company has also launched educational programs in countries such as Ivory Coast, Indonesia, and Vietnam, aiming to foster broader blockchain adoption.
