Tether has made a strategic investment in Shiga Digital, a pan-African blockchain solutions platform, to expand the use of USDT-powered financial services across the African continent. This partnership aims to boost blockchain-enabled finance for businesses and independent contractors by offering borderless, stablecoin-based payment solutions that reduce reliance on inflation-prone local fiat currencies and traditional banks.
Shiga Digital is developing a comprehensive blockchain platform with features including virtual accounts, over-the-counter (OTC) services, treasury management, foreign exchange (FX) support, and an on-chain payment gateway designed to facilitate seamless cross-border USDT transactions. These offerings target emerging enterprises and legacy sectors such as oil and gas, helping African businesses to efficiently manage FX and treasury operations while improving liquidity.
This latest investment is part of Tether's broader strategy to deepen its presence in African markets. Earlier moves include partnerships with African crypto exchange Quidax and cross-border payment firm MANSA, signaling a strong focus on real-world applications and infrastructure development. Through Shiga Digital, Tether aims to democratize access to financial services by integrating USDT for scalable and stable digital finance solutions that enhance economic inclusion on the continent.
The collaboration emphasizes building a decentralized, user-controlled financial model to empower users by reducing dependence on traditional banks. Tether and Shiga Digital also highlight the growing acceptance of stablecoins as vital tools for future financial ecosystems, promoting their use not just for speculation but for everyday savings and expenditures.
Overall, this partnership marks a significant step to facilitate stable and predictable value transactions within Africa's digital economy, supporting global payments, improving financial access, and promoting blockchain innovation throughout the continent.