Tether invests $50 million in Fizen to expand stablecoin use

Tether (CRYPTO:USDT) has made a strategic investment in fintech startup Fizen Limited to support the wider adoption of stablecoins and promote financial inclusion globally.

Fizen focuses on self-custody wallets and digital payment infrastructure that enable users to make payments with stablecoins through familiar tools such as QR codes and card readers.

This system allows merchants to receive fiat currency instantly, avoiding complex technical integrations that have hindered stablecoin acceptance among businesses.

“Tether’s investment in Fizen underscores our commitment to expanding global access to efficient and reliable digital financial solutions that promote the informed, responsible use of digital assets in everyday life,” said Paolo Ardoino, CEO of Tether.

The investment will help Fizen enhance its blockchain capabilities and improve stablecoin interoperability across different ecosystems.

This partnership also aims to address the issue of financial exclusion, as millions of people worldwide remain unbanked or underserved by traditional banking systems.

“Stablecoins like USDT will undoubtedly drive crypto payments and financial inclusion worldwide. Fizen is solving this by making crypto payments an intuitive part of daily transactions, allowing users to pay seamlessly without even realising they are using blockchain technology,” remarked Leo Vu, Founder and CEO of Fizen.io.

With QR code payments expected to exceed $3 trillion globally, Fizen’s payment technology is positioned to facilitate large-scale adoption.

The increasing use of smartphones and the growing demand for cashless transactions support the potential for stablecoins to become a common payment method.

According to industry data, the convenience and speed of stablecoin payments could help bridge gaps in financial services for underserved populations.

At the time of reporting, the Tether (USDT) price was $1.00.