Tether, the leading force in the digital asset industry, has signed a Memorandum of Understanding (MoU) with the government of the Republic of Guinea. This strategic collaboration aims to explore the transformative potential of blockchain and peer-to-peer technologies, fostering economic growth and positioning Guinea as a leader in Africa’s digital revolution.
This is the first Tether partnership with a government in Africa.
Speaking to BitKE, Tether CEO, Paolo Ardoino, said that Tether wants to be part of the African crypto and blockchain story.
“I see in #Africa, there is so much excitement and so much appetite . . . we just want to be part of the story.” – @paoloardoino CEO, @Tether_to
Full interview: https://t.co/zY87Ewolbx $USDT pic.twitter.com/lvMyy8IYRg
— BitKE (@BitcoinKE) February 5, 2025
Pioneering Blockchain Innovation in Guinea
The MoU underscores Tether’s commitment to driving blockchain adoption on a global scale, aligning with its broader mission to promote innovation, education, and responsible digital asset usage. By integrating blockchain solutions, this initiative aims to build a robust foundation for sustainable economic success and technological advancement in Guinea.
A key focus of the agreement is fostering education and innovation while facilitating the exchange of global best practices. In collaboration with the Cité des Sciences et de l’Innovation de Guinée (City of Science and Innovation of Guinea), Tether will contribute to the development of blockchain expertise and digital literacy programs. These initiatives will be introduced across Guinea’s public and private sectors to raise awareness, develop critical skills, and nurture local talent in the digital economy.
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“In the last few years we have seen the usage of USDT going from pure cryptocurrency trading to being basically the most used digital dollar in the world,” Ardoino said to Reuters on the… pic.twitter.com/QMXhz72HhA
— BitKE (@BitcoinKE) April 23, 2024
Supporting Guinea’s “Innovation City” Project
As part of the partnership, Tether will play a role in Guinea’s “Innovation City” project, an initiative designed to position the nation as a hub for technology, research, and entrepreneurship. This effort aligns with the government’s broader strategy of leveraging digital innovation to drive economic growth and create opportunities for young professionals in emerging technology fields.
This collaboration builds on Tether’s strong track record of working with governments and institutions worldwide to promote responsible blockchain adoption. Previous initiatives include the Plan ₿ Forum in Lugano, Switzerland, educational programs on Bitcoin and stablecoins in Ras Al Khaimah, digital asset education in Türkiye, and blockchain infrastructure projects in Uzbekistan.
Leadership Perspectives on the Partnership
Paolo Ardoino, CEO of Tether, expressed enthusiasm for the initiative, stating:
“We are thrilled to collaborate with the Republic of Guinea to unlock the immense potential of blockchain and digital technologies across Africa.
This MoU reflects our commitment to helping countries build resilient digital economies. 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.”
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Wallet data reveals that 18.7 million accounts hold balances of less than $1, while another 31.5 million hold between $1 and $1,000https://t.co/dWLTEYuXzN pic.twitter.com/UbRRpeLRt7
— BitKE (@BitcoinKE) December 12, 2024
M. Djiba Diakité, Minister and Chief of Staff of the Presidency of the Republic of Guinea, highlighted the significance of this partnership:
“The signing of this MoU represents a major step forward in our quest for an inclusive and sustainable digital transformation.
By integrating cutting-edge technologies such as blockchain and peer-to-peer solutions, we are positioning Guinea as a leader in African innovation. This initiative aligns with our Simandou 2040 program and our vision of equipping young Guineans with the skills to compete globally.”
M. Alpha Bacar Barry, Minister of Higher Education, Scientific Research, and Innovation, emphasized the role of education in this digital shift:
“This agreement marks a pivotal step in positioning Guinea at the forefront of technological innovation in Africa. It will strengthen our educational and scientific infrastructures, empowering our youth to thrive in the global digital economy.”
Pr. Abdoulaye Baniré Diallo, Coordinator of the Cité des Sciences et de l’Innovation de Guinée, outlined the long-term impact of blockchain adoption:
“This MoU serves as a strategic lever to accelerate the integration of blockchain and peer-to-peer technologies into our educational and technological ecosystem.
It provides a solid foundation for developing local expertise, embracing innovative solutions, and fostering an inclusive and sustainable digital economy in Guinea.”
As Tether continues to collaborate with governments, businesses, and institutions, it remains committed to advancing blockchain technology and driving sustainable growth. This partnership with the Republic of Guinea represents another milestone in Tether’s mission to empower nations through digital transformation, fostering economic resilience and technological innovation in Africa and beyond.
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