Tether has partnered with Guinea to promote economic growth through blockchain and peer-to-peer (P2P) technology, positioning the country as a leader in Africa’s digital economy.
A Memorandum of Understanding (MoU) outlines plans for:
– Education and digital skill-building in both public and private sectors
– Knowledge exchange and best practices for sustainable technology adoption
– Support for Guinea’s “Innovation City” project, fostering research, entrepreneurship, and technological advancement
Tether’s CEO, Paolo Ardoino, emphasized the impact of this collaboration, stating:
“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.”
The Guinean government also sees this as a major step in its digital transformation. Djiba Diakité, Minister Director of the Cabinet of the Presidency of Guinea, highlighted:
“We aim to open a new chapter in our technological development by integrating cutting-edge technologies such as blockchain and peer-to-peer solutions. It’s a decisive step towards technological sovereignty and Guinea’s influence on the international stage.”
The partnership is part of Tether’s broader global strategy, following similar agreements in Uzbekistan, Turkey, and the UAE. Beyond blockchain, Tether is also investing in artificial intelligence (AI) and strategic ventures, including a stake in Juventus Football Club and the Zengo Wallet.
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