Tether is expanding its operations after being delisted in Europe due to MICA regulations and is working to further increase the usefulness of USDT.
According to a blog post published on February 17, Tether has signed a Memorandum Of Understanding (MOU) to launch blockchain and P2P technologies in the West African country of Guinea.
Last March, Uzbekistan signed an agreement aimed at exploring technologies such as Blockchain, Stablecoin, and Tokenization.
Tether said the MOU aims to help Guinea advance its blockchain technology, and to help the country develop its technology by conducting educational programs and sharing experiences.
Tether will also support Guinea's Innovation City project, which aims to create a space for technology research and companies.
According to a 2023 survey by Consensys, crypto usage is high in African countries, with 84% of Nigerians owning a crypto wallet.
As Guinea is one of the countries accelerating digital transformation in Africa, Tether is working to further expand USDT adoption in the regionâs economies and establish itself as a market-leading stablecoin through this partnership.
