PANews reported on June 5 that, according to the official blog, stablecoin issuer Tether announced a strategic investment in Shiga Digital, an African blockchain financial platform, with an undisclosed amount. The cooperation aims to provide on-chain financial services such as cross-border payment and foreign exchange management for African enterprises through the USDT stablecoin, with a focus on covering traditional industries such as oil and gas and the international settlement needs of freelancers.
Shiga Digital provides customized services such as virtual accounts and over-the-counter trading. Its upcoming on-chain gateway will allow users to conduct daily transactions directly using USDT without the need to exchange for local currency. Tether CEO Paolo Ardoino stated that this collaboration will drive blockchain technology to become a core component of the financial infrastructure in Africa.
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Tether announces strategic investment in the African Blockchain financial platform Shiga Digital.
PANews reported on June 5 that, according to the official blog, stablecoin issuer Tether announced a strategic investment in Shiga Digital, an African blockchain financial platform, with an undisclosed amount. The cooperation aims to provide on-chain financial services such as cross-border payment and foreign exchange management for African enterprises through the USDT stablecoin, with a focus on covering traditional industries such as oil and gas and the international settlement needs of freelancers. Shiga Digital provides customized services such as virtual accounts and over-the-counter trading. Its upcoming on-chain gateway will allow users to conduct daily transactions directly using USDT without the need to exchange for local currency. Tether CEO Paolo Ardoino stated that this collaboration will drive blockchain technology to become a core component of the financial infrastructure in Africa.