Stablecoin issuer and blockchain leader Tether has signed a Memorandum of Understanding (MoU) with the government of Zanzibar, a semi-autonomous archipelago off the coast of Tanzania. This collaboration aims to advance blockchain education and cryptocurrency adoption through a partnership with Zanzibar’s e-Government Agency (eGaz).
Partnership Highlights
- Financial Inclusion & Education: Tether will work with local institutions to integrate blockchain courses into academic curricula, fostering financial literacy.
- Stablecoin Integration: Plans include incorporating USDT (USD-pegged) and XAUT (gold-pegged) into ZanMalipo, Zanzibar’s government-run digital payments platform.
- Awareness Campaigns: Joint initiatives like blockchain events will promote digital asset adoption and public engagement.
Key Statements
Paolo Ardoino, CEO of Tether:
"This MOU reflects our commitment to sustainable blockchain innovation in Africa. By merging education with digital asset integration, we’re building a compliant and inclusive digital economy."
Said Seif, Director General of eGaz:
"Partnering with Tether accelerates our digital transformation, enabling public participation and institutional reforms for broader inclusion."
Tether’s Growing Footprint in Africa
Tether has actively expanded its African presence through strategic alliances:
- Republic of Guinea (Feb 2023): MoU to drive blockchain education and national initiatives.
- MANSA (Feb 2023): Led a $10M funding round for this stablecoin liquidity provider serving Africa and Latin America.
- Quidax (Apr 2023): Partnered with the Nigerian exchange to educate 15,000+ individuals/businesses on Bitcoin and stablecoins.
- NODO (2022): Six-month campaign to boost stablecoin awareness across Africa.
👉 Explore Tether’s global blockchain initiatives
Africa’s Blockchain Momentum
Zanzibar’s eGaz joins African governments leveraging blockchain for governance:
- Mauritius (2023): Launched eVerify, a blockchain service to authenticate government certificates.
- Tunisia (Feb 2023): Adopted a Unified Arab System for diploma verification alongside three North African nations.
FAQ
Q: How will Zanzibar benefit from Tether’s partnership?
A: Enhanced financial inclusion, blockchain education, and streamlined digital payments via stablecoin integration.
Q: What’s Tether’s long-term goal in Africa?
A: To foster compliant, scalable digital economies through education and infrastructure development.
Q: Are other African countries adopting blockchain?
A: Yes—Mauritius, Tunisia, and Guinea are implementing blockchain for credential verification and governance.
👉 Learn more about blockchain adoption in Africa
Conclusion
Tether’s collaboration with Zanzibar underscores Africa’s accelerating embrace of blockchain technology and digital assets. By prioritizing education and regulatory clarity, such partnerships pave the way for sustainable, inclusive financial ecosystems.