Tether Invests in African Blockchain Platform Shiga Digital

According to BlockBeats, Tether, the issuer of USDT, has announced a strategic investment in the African blockchain financial platform Shiga Digital. The specific amount of the investment has not been disclosed. Shiga Digital provides virtual accounts, over-the-counter trading services, fund management, and foreign exchange services to African businesses. This collaboration aims to address the longstanding challenges faced by African enterprises in cross-border payments and global liquidity access through a blockchain financial infrastructure based on USDT. Both parties will support the management of funds and foreign exchange for traditional industries such as oil and gas within and outside Africa. Additionally, they will assist independent contractors in easily accessing foreign currency and global payment services.