Tether Partners with Zanzibar to Boost Digital Asset Education and Financial Innovation

Tether, the issuer of USDT and Tether Gold (XAUT) stablecoins, has signed a Memorandum of Understanding (MoU) with the Zanzibar e-Government Authority (eGaz). This partnership aims to advance digital asset education and financial innovation in the region. The MoU aligns with Tether’s broader strategy to strengthen Africa’s digital economy through education, regulatory clarity, and the development of an innovative ecosystem. The collaboration seeks to improve financial inclusion, local capacity building, and the promotion of digital assets.

As part of this initiative, Tether plans to organize educational workshops for stakeholders across Zanzibar. These workshops will focus on blockchain, Bitcoin, stablecoins, and peer-to-peer technologies. The goal is to build a sustainable technology ecosystem that meets international best practices and boosts the adoption of USDT and XAUT stablecoins in the country.

Tether will also evaluate supporting the integration of USDT and XAUT into Zanmalipo, the local government payment gateway. This move aims to enhance accessibility and utility within the regional financial ecosystem, focusing on real-world use cases of digital assets. The integration is expected to empower individuals and businesses by boosting financial access and unlocking new opportunities.

Public and private sector events are planned to raise awareness, facilitate knowledge sharing, and foster entrepreneurship within the blockchain ecosystem. The collaboration between Tether and eGaz marks a significant milestone as Zanzibar joins other emerging countries in harnessing the opportunities presented by digital assets.

Tether’s growing presence in Africa is part of its strategy to be more than just a stablecoin issuer. The company has 100,000 kiosks in Africa and plans to prioritize growth markets in Asia, Latin America, and Africa. Recently, Tether announced a strategic investment in Shiga Digital, a platform enabling pan-African access to blockchain-based financial solutions. Shiga Digital offers virtual accounts, OTC services, treasury management, and foreign exchange (FX) services tailored to African enterprises.

Tether is also involved with African governments to regulate and develop policy frameworks for increasing and simplifying crypto adoption on the continent. The company’s efforts in Zanzibar are part of a broader initiative to boost the crypto market beyond peer-to-peer transactions, fostering a more inclusive and innovative financial ecosystem.