Tether, the company behind the world’s largest stablecoin, has teamed up with the Republic of Guinea to help the country grow its digital economy using blockchain and peer-to-peer (P2P) technology. This partnership aims to position Guinea as a leader in Africa’s digital revolution.
Tether Collaborates With Guinea
Tether has signed a Memorandum of Understanding (MoU) with Guinea, focusing on innovation, education, and technology. The goal is to introduce blockchain solutions that can benefit both the private and public sectors.
Meanwhile, these collaboration focuses on three key areas,
- Education: Teaching blockchain and digital skills to the public and private sectors.
- Innovation: Building a tech-friendly environment for startups and businesses.
- Sustainability: Creating long-term solutions for Guinea’s digital economy.
Tether will work with Guinea’s City of Science and Innovation (CSIG) to develop educational programs. These programs will train locals in blockchain technology, helping them gain the skills needed to compete in the global digital market.
Guinea’s “Innovation City” Project
A big part of the partnership is Tether’s support for Guinea’s “Innovation City” project. This initiative aims to turn Guinea into a hub for technology, research, and entrepreneurship in Africa.
By creating a space where innovation can thrive, the project hopes to attract businesses, create jobs, and boost the country’s economy.
Why This Matters?
Blockchain technology is more than just cryptocurrencies—it’s a tool for creating transparent, secure, and efficient systems. For Guinea, this partnership could mean faster economic growth, better job opportunities, and a stronger position in the global tech scene.
However, Tether’s CEO, Paolo Ardoino, shared his excitement: “We’re thrilled to help Guinea unlock the potential of blockchain. This partnership is about building a resilient digital economy and empowering people through technology.”
Guinean officials are optimistic about the collaboration. M. Djiba Diakité, Minister and Chief of Staff of the Presidency, called the MoU a “major step forward” in Guinea’s digital transformation.
He added, “This partnership will help us integrate cutting-edge technologies and prepare our youth for the challenges of the digital world.”
