Tether Partners with Guinea to Drive Blockchain Innovation and Education

Tether has recently entered into a strategic agreement with Guinea to explore blockchain and peer-to-peer technology.

This collaboration, detailed in a memorandum of understanding (MOU), aims to lay the foundation for the nation’s adoption of blockchain while encouraging technological progress.

The initiative is centered around sharing knowledge and fostering innovation, focusing on areas like education and sustainable technological practices. Tether, known for issuing the leading stablecoin by market value, has previously pursued similar efforts, such as its agreement with Uzbekistan in 2022 to promote blockchain education and tokenization.

A significant aspect of this partnership is the emphasis on educational programs designed to develop blockchain expertise in both public and private sectors. Tether’s goal is to cultivate local talent, raising awareness and equipping the workforce with essential digital skills. CEO Paolo Ardoino highlighted that the project will foster economic growth, positioning Guinea as a technological leader in Africa.

Guinea’s government, led by interim president Mamady Doumbouya, is keen on preparing its younger population for the challenges and opportunities of the digital era. One of the key focuses of this partnership is the country’s “Innovation City” project, which will serve as a hub for tech companies and research initiatives.

The growing interest in crypto and blockchain adoption in Africa is notable, with surveys showing strong engagement in countries like Nigeria and South Africa, where cryptocurrency ownership is on the rise.