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18/02/25
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Tether Partners with Guinea to Advance Blockchain Innovation and Education
Tether, the issuer of the prominent stablecoin USDT, has established a partnership with Guinea to advance the exploration of blockchain technology and peer-to-peer systems within the country. A memorandum of understanding (MOU) was signed on February 17, signaling intentions to lay the groundwork for integrating blockchain initiatives in Guinea. The agreement aims to foster an innovative environment by sharing best practices centered on education, technological innovation, and sustainable practices.
This new collaboration suggests a strong emphasis on developing local blockchain expertise through educational programs that target both the public and private sectors in Guinea. By enhancing awareness and skills in digital technologies, Tether hopes to nurture local talent and promote efficient blockchain applications that could stimulate economic growth. The initiative aligns with Tether’s broader strategy, as the company signed a similar agreement with Uzbekistan’s regulatory body for capital markets earlier in the year, reflecting a commitment to expanding blockchain and stablecoin initiatives across various regions.
Guinea’s leadership under interim president Mamady Doumbouya is seen as proactive in this technological advancement. The country seeks to equip its youth with tools and skills necessary to navigate the global digital landscape and leverage emerging opportunities. The MOU is also intended to support a project known as “Innovation City,” which aims to create a hub for technological research and startups.
Emerging economies, particularly in Africa, are becoming increasingly enthusiastic about cryptocurrency and blockchain. A recent survey indicates significant interest in digital currencies among the population in West African nations, with a notable percentage of respondents in Nigeria and South Africa reporting ownership of crypto wallets. This growing trend suggests that Africa may play a crucial role in the future mainstream adoption of cryptocurrencies.
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