Tether (USDT) Makes Strategic Investment in African Blockchain Financial Platform Shiga Digital

JH Kim

Summary

Tether (USDT) announced that it has made a strategic investment in the African blockchain financial platform Shiga Digital.
Shiga Digital provides financial services such as virtual accounts, OTC, and foreign exchange (FX) trading to African businesses, and said it plans to expand the adoption of stablecoins through Tether’s investment.
Tether emphasized that this investment will be an important step in expanding financial inclusion and blockchain-based financial services in Africa.

Tether (USDT), the world's largest stablecoin issuer, has made a strategic investment in the Africa-based blockchain financial solutions platform Shiga Digital.

On the 5th (local time), Tether announced the news via its official X account (formerly Twitter) but did not disclose the specific investment amount.

Shiga Digital is a platform that provides a range of financial services—including customized virtual accounts, over-the-counter (OTC) trading, and foreign exchange (FX) transactions—to businesses in Africa.

With this investment from Tether, Shiga Digital plans to place blockchain technology at the core of its business and actively incorporate stablecoins, including USDT.

Tether described this investment as "an important step toward expanding financial inclusion and decentralized financial infrastructure in Africa," and added that, through collaboration with Shiga Digital, it aims to accelerate the expansion of blockchain-based financial services in emerging markets.