Prominent stablecoin issuer Tether will help Guinea explore blockchain adoption through a new agreement with the West African country.
According to a February 17 announcement from Tether, the firm has signed a Memorandum of Understanding with the government of the Republic of Guinea to “explore blockchain and peer-to-peer technologies” in a bid to position the country as a hub for digital innovation and economic growth in the region.
Under the MoU, Tether and local entities like Guinea’s Cité des Sciences et de l’Innovation de Guinée will work on developing “efficient blockchain solutions that benefit both public and private sectors,” Tether CEO Paolo Ardoino stated.
Tether said the initiative will focus on “knowledge transfer and skill-building” through educational programs designed to “raise awareness, build skills, and cultivate local talent” in blockchain and digital technologies.
The goal is to integrate blockchain-driven solutions into both “government and business sectors” to support Guinea’s digital transformation.
By working with local institutions, Tether hopes to “create an environment conducive to innovation” and sustainable technology adoption.
Tether will also support Guinea’s Innovation City project, an initiative aimed at creating a vibrant hub for technology, research, and entrepreneurship.
It is part of the country’s broader push to develop its digital economy, attract investment, and equip local talent with the tools to drive innovation.
According to M. Alpha Bacar Barry, the Minister of Higher Education, Scientific Research, and Innovation, the MoU is expected to strengthen the country’s “educational and scientific infrastructures.”
Tether’s efforts to promote blockchain
Tether’s collaborations to drive blockchain and cryptocurrency adoption include partnerships in Switzerland, as well as initiatives in Turkey, Uzbekistan, and Georgia.
In Turkey, Tether has been particularly active. For instance, in July 2024, Tether signed an MoU with BTguru to develop programs introducing stakeholders to the benefits of blockchain and peer-to-peer technologies.
In collaboration with the artist Valentina Picozzi and local authorities, Tether unveiled a statue of the pseudonymous Bitcoin creator Satoshi Nakamoto during the third annual forum of its Plan ₿ initiative in the Swiss city of Lugano.
As a part of the initiative, Tether also organises the Plan ₿ Summer School, a two-week intensive program co-organized with local universities such as Franklin University Switzerland , Università della Svizzera Italiana , and the University of Applied Sciences and Arts of Southern Switzerland.
Tether has been expanding its education efforts through Tether Edu, a global initiative that was launched in February of last year.
The program offers courses and workshops on blockchain, AI, coding, and more. The program has rolled out in developing nations like Ivory Coast, Indonesia, and Vietnam, among others.
Founded in 2014, Tether is the largest stablecoin issuer, with its flagship stablecoin USDT currently the largest stablecoin, accounting for a lion’s share of the total stablecoin market. At press time, its market cap was roughly $142 billion.
Tether has also been promoting USDT adoption across various industries.
Recently, it partnered with UAE-based real estate platform Reelly Tech to enable property purchases using USDT, streamlining transactions for thousands of local and international agents.
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