PANews reported on June 5th that, according to the official blog, stablecoin issuer Tether announced a strategic investment in African blockchain financial platform Shiga Digital, with the specific amount undisclosed. The collaboration aims to provide cross-border payments, foreign exchange management, and other on-chain financial services for African businesses through USDT stablecoin, focusing on traditional industries such as oil and natural gas, as well as international settlement needs for freelancers.
Shiga Digital offers customized services including virtual accounts and over-the-counter trading. The on-chain gateway they are developing will support users directly using USDT for daily transactions without the need to exchange local currency. Tether CEO Paolo Ardoino stated that this cooperation will promote blockchain technology as a core component of Africa's financial infrastructure.
