Tether reaches 500 million users with the Kotani Pay agreement focused on Africa

Tether celebrates 500 million users while investing in Kotani Pay, based in Kenya, to expand access to digital payments across Africa. The agreement aims to reduce the costs of cross-border transactions and integrate USDT with mobile money and banking networks.

While Tether has not broken down that figure by region, its gaze is set on Africa, where it anticipates its next chapter of growth. The company cites a report from Chainalysis that reveals a 52% increase in on-chain transaction volume in Sub-Saharan Africa, which exceeded $205 billion in a single year.

Behind this boom are small business owners and individuals turning to digital assets as a lifeline. They face the same harsh realities confirmed by the data: rampant inflation, unpredictable local currencies, and banking systems that have left many behind.

To better understand these figures, Tether launched a short documentary from Kenya. The documentary highlights local merchants using USDT to pay international suppliers and families relying on it to receive remittances from abroad. It is a grassroots look at how a global digital dollar provides tangible support in economies often defined by their volatility.$USDT