Tether is making moves again, and this time in West Africa. The crypto giant has struck a deal with Guinea to help the nation dip its toes into blockchain technology while also rolling out educational programs to get people up to speed.
Guinea’s big leap
Tether announced that they signed a memorandum of understanding, a MOU with Guinea, aiming to lay the groundwork for blockchain adoption.
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The goal is too introduce cutting-edge tech, drive innovation, and foster an environment where blockchain can thrive.
No, this isn’t just about making crypto bros richer, but about real-world applications that could benefit both businesses and the public sector in the country.
Guinea isn’t the first to hop on this train. Just last year, Tether inked a similar agreement with Uzbekistan to explore blockchain-based solutions for finance, stablecoins, and tokenization. The momentum is real.
Tether Signs MoU with the Republic of Guinea to Accelerate Digital Transformation and Economic Growth Through Blockchain Technology
Read more:https://t.co/BWEOXdViAo
— Tether (@Tether_to) February 17, 2025
Education is the key to success
One of the most exciting parts of the MOU is its focus on education. Tether wants to help Guinea build a blockchain-savvy workforce by setting up training programs across public and private sectors.
Think workshops, online courses, and hands-on projects designed to turn curious minds into innovators.
“We’re here to implement efficient blockchain solutions that drive economic growth and put Guinea on the map as a leader in tech innovation.”
Guinea’s government is just as enthusiastic. Djiba Diakité, chief of staff for interim President Mamady Doumbouya emphasized the country’s commitment to giving young people the skills they need to compete in the digital age. And with blockchain booming, this move makes a lot of sense.
Tether isn’t just stopping at education, but also looking to get involved with Guinea’s Innovation City project, a futuristic hub meant to attract tech companies and researchers. Picture a Silicon Valley-style hotspot, but with an African twist.
Crypto’s Rise in Africa
If you think Africa is lagging behind in crypto adoption, think again. A December survey by Consensys revealed, countries like Nigeria and South Africa are leading the charge in the continent.
84% of Nigerians surveyed said they owned a crypto wallet, while 66% of South Africans reported the same. Compare that to just 43% in the U.S., and you start to see the trend.
