Tether, the largest player in the digital asset industry, has announced a strategic investment in Shiga Digital, a rising platform providing blockchain-powered financial services across Africa.
The partnership aims to accelerate financial inclusion and unlock global liquidity for African enterprises through the use of USD₮, Tether’s U.S. dollar-pegged stablecoin.
Boosting Access to Blockchain Infrastructure
Shiga Digital delivers practical financial tools — including virtual accounts, FX services, OTC trading, and treasury management — tailored to African businesses. With Tether’s support, the platform will enhance cross-border payment capabilities, reduce friction in foreign currency access, and support legacy sectors like oil and gas with modern blockchain-based infrastructure.
The collaboration is especially significant in emerging markets, where access to reliable global banking remains limited. By anchoring its services to stablecoins like USDT, Shiga Digital empowers independent contractors and small enterprises to transact internationally, manage capital efficiently, and hedge against currency volatility.
Supporting Africa’s Growing Digital Finance Ecosystem
Tether’s move comes amid a broader surge in digital asset adoption across Africa. Central banks in countries like Morocco are taking steps to regulate cryptocurrencies, while businesses increasingly explore blockchain as a tool for value storage and cross-border commerce.
“Stablecoins are the heartbeat of financial transformation,” said Paolo Ardoino, CEO of Tether. “By collaborating with innovators like Shiga Digital, we aim to deliver financial access and efficiency to African enterprises. Together, we are not just imagining a future powered by blockchain technology — we are building it.”
This partnership reinforces Tether’s commitment to bridging the global financial divide and positions USD₮ as a foundational asset for Africa’s blockchain-driven financial future.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/tether-makes-new-investment-to-expand-blockchain-finance-across-africa/