Tether CEO Highlights Stablecoins as Catalyst for Africa’s Financial Revolution

Tether has invested in Shiga Digital, a pan-African blockchain financial solutions provider, to improve cross-border payments and global liquidity for African businesses.

This partnership aims to support treasury and FX management in legacy sectors like oil and gas, while also enabling contractors to receive global payments in foreign currencies. Tether CEO Paolo Ardoino emphasized stablecoins as central to financial transformation, aiming to deliver better financial access across Africa.

Shiga CEO Abiola Shogbeni highlighted the growing role of dollar-based stablecoins and self-custody in the region’s financial future. Shiga is also developing an on-chain gateway to reduce reliance on local currency off-ramps.

Clever Robot News Desk 8^th June 2025