Tether has made a strategic investment in Shiga Digital, a fintech platform focused on providing blockchain-based financial services across Africa.
Tether Invests in Shiga Digital to Strengthen Africa’s On-Chain Financial Ecosystem 🌍
Learn more: https://t.co/K7h9iGxgXY
— Tether (@Tether_to) June 5, 2025
Shiga offers virtual accounts, over-the-counter (OTC) trading, treasury management, and foreign exchange (FX) solutions designed for businesses operating in the region.
The collaboration is intended to address challenges in cross-border transactions and access to international liquidity, using USD₮—Tether’s U.S. dollar-backed stablecoin—as a financial instrument.
According to the companies, the partnership may also support FX and treasury operations for traditional industries, including oil and gas, and facilitate payments for independent contractors in foreign currencies.
Shiga Digital has stated that it aims to use blockchain technology and stablecoins to broaden access to financial services, particularly for entities that face limitations within traditional banking systems.
The investment comes as some African countries, including Morocco, begin to explore regulatory frameworks for Bitcoin and digital assets.
There is also a growing interest in the use of Bitcoin and cryptocurrencies in the region for purposes such as cross-border payments and hedging against inflation.
Commenting on the partnership, Tether CEO Paolo Ardoino said: “by collaborating with innovators like Shiga Digital, we aim to deliver financial access and efficiency to African enterprises. Together, we are not just imagining a future powered by blockchain technology, we are building it.”
Shiga Digital CEO Abiola Shogbeni expressed a belief in decentralized finance and the increasing role of stablecoins in daily transactions and financial portfolios.
He stated that the collaboration reflects a shared interest in developing infrastructure that gives users more control over their assets.
Shiga is currently working on a system that would allow users to make direct purchases in USD₮, potentially reducing reliance on conversions into local currencies.
The investment from Tether will be used to support the development of this infrastructure and related financial products in the region.