Tether inks deal with Guinea for blockchain growth

Tether (CRYPTO:USDT) has signed a Memorandum of Understanding (MoU) with the Republic of Guinea to explore blockchain technology and drive digital transformation in the African nation.

The agreement focuses on education, innovation, and sustainable technology practices, with the goal of establishing Guinea as a leader in Africa's digital economy.

The MoU aims to facilitate the transfer of international knowledge and best practices to Guinea, fostering an environment conducive to innovation.

Tether will collaborate with local institutions, including the Cité des Sciences et de l’Innovation de Guinée (City of Science and Innovation of Guinea), to develop blockchain education programs and create opportunities for digital skill-building.

According to Tether, a key element of the initiative involves developing blockchain expertise and education through programs across Guinea’s public and private sectors.

These programs will raise awareness, build skills, and cultivate local talent in digital technologies.

Guinea's leadership aims to position the country as a hub for technological advancement in Africa.

Officials emphasise blockchain's potential to modernise financial systems, enhance transparency, and drive economic growth.

Djiba Diakité, chief of staff to Guinea’s interim president, stated the MoU represents a "major strategic step forward" in the country's quest for digital transformation.

Tether CEO Paolo Ardoino said the company aims to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation.

Tether is also supporting Guinea’s “Innovation City” project, which aims to create space for tech research and companies.

This initiative aligns with the government’s broader goals of promoting economic growth and advancing technological innovation.

Tether has engaged in similar initiatives in countries like Turkey, Uzbekistan, and the UAE.

At the time of reporting, the Tether (USDT) price was $0.9998.