Tether Announces Strategic Investment in African Blockchain Financial Platform Shiga Digital

BlockBeats News, June 5th, Tether, the issuer of USDT, announced a strategic investment in the African blockchain financial platform Shiga Digital, with the specific amount undisclosed. Shiga Digital provides African businesses with virtual accounts, over-the-counter trading services, fund management, and foreign exchange (FX) services.

This collaboration will address the long-standing cross-border payment and global liquidity challenges faced by African enterprises through a USDT-based blockchain financial infrastructure. The two parties will support fund and forex management in traditional African industries such as oil and gas, both domestically and internationally, and help independent contractors easily access foreign currencies and global payment services.