Tether – the name behind the famous USDT stablecoin – has just made a strategic move in the African financial market: investing in Shiga Digital, a rising blockchain platform in the region. Although the specific value of the deal has not been disclosed, this move indicates that Tether is 'keeping an eye' on the enormous potential of the cross-border payment sector on the dark continent.
Shiga Digital is a blockchain platform that provides comprehensive financial solutions such as virtual accounts, OTC trading services, fund management, and foreign exchange support – focusing on the needs of businesses in Africa. The special aspect is that these services are built on the USDT platform, simplifying global transactions that often face barriers related to liquidity and international money transfers.
The grand objective of this collaboration is to 'solve the age-old problem' of cross-border payments – an inherent challenge for traditional businesses in Africa, especially in sectors such as energy, mining, and import-export. With support from Tether, Shiga Digital will help industries access capital and foreign currency more easily, while expanding payment services for independent contractors operating inside and outside the region.
Not just an investment – this is a clear signal that Tether is gradually transforming from a stablecoin issuer to the role of 'architect' of a global decentralized financial ecosystem, starting from the most underserved areas in terms of financial infrastructure – yet the richest in potential.
Follow to stay updated on Tether's next steps in the African continent – where the blockchain revolution has only just begun.
