Tether, the issuer of the world’s leading stablecoin USDT, has forged a memorandum of understanding (MOU) with the Republic of Guinea aimed at promoting blockchain adoption and peer-to-peer solutions.
The agreement is set to establish a framework for innovation, assisting the West African nation in integrating blockchain technologies within its public and private sectors, as the company disclosed in a blog post dated February 17, 2025.
The partnership is directed towards education, innovation, and developing sustainable technologies. Tether is prepared to provide industry expertise to enhance blockchain adoption in Guinea, which is striving to upgrade its digital infrastructure.
Tether’s Earlier Collaboration with Uzbekistan
This Milestone agreement follows Tether’s earlier MOU with Uzbekistan, initiated in March 2023, where the company worked closely with the nation’s regulators to explore stablecoins and blockchain solutions.
A significant feature of this agreement includes developing blockchain educational programs designed to elevate awareness and enhance the skill sets among Guinea’s workforce, targeting both public and private sectors to nurture local talent in digital technologies.
“Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation,” stated Tether’s CEO, Paolo Ardoino.
Djiba Diakité, Guinea’s Chief of Staff to the interim president Mamady Doumbouya, emphasized the nation’s dedication to equipping its youth with digital tools, enabling competition on a global scale. Additionally, Tether has expressed interest in supporting the country’s “Innovation City” initiative, aimed at creating a hub for tech companies and research institutions.
This initiative aligns with the rising trend of crypto adoption across Africa, highlighted by a survey from Consensys revealing that 84% of Nigerians and 66% of South Africans own a crypto wallet, dwarfing the 43% reported in the U.S.
CEO Paeolo Ardoino Discusses Potential Expansion into the U.S.
Recently, Tether’s CEO articulated plans to potentially expand their presence in the U.S., noting the company’s cautious approach while monitoring the evolving regulatory landscape.
Given the current state of Tether’s flagship stablecoin, USDT, which boasts a market cap of $137 billion and a 65% market share, the company continues to navigate these waters thoughtfully.
