Tether Partners with Zanzibar to Promote Stablecoin Adoption and Blockchain Training

Key Takeaways:

• Tether signs strategic MoU with Zanzibar’s e-Government Authority to boost crypto literacy and stablecoin usage.
• Plans include possible integration of USD₮ and XAU₮ into government payment gateway Zanmalipo.
• Workshops, academic partnerships, and infrastructure support aim to transform Zanzibar’s digital economy.

As crypto adoption grows in emerging markets, stablecoin giant Tether is stepping into Africa with a formal agreement aimed at education, innovation, and real-world use cases. In a significant move, Tether has partnered with the Zanzibar e-Government Authority (eGAZ), positioning the island region as a potential future hub for digital asset activity.

Tether Targets Zanzibar to Pioneer Africa’s Digital Economy Shift

Tether, issuer of the world’s largest stablecoin USD₮, has recently announced the signing of a Memorandum of Understanding (MoU) with Zanzibar’s e-Government Authority (eGAZ). The deal is set to change the face of financial inclusion, secure digital infrastructure, and blockchain knowledge in the East African archipelago.

For all that the continent has been regarded as low-hanging fruit for fintech innovation, real crypto integration has been a much patchier affair. Tether’s relocation also reflects a trend in the broader industry: going after underserved markets where mobile penetration is high and traditional banking is scarce.

“This is about turning informal curiosity into structured growth,” said Paolo Ardoino, CEO of Tether, emphasizing the shift from theoretical discussions to practical deployment.

Read More: Oduwa Coin: The Digital Cash Of Africa

USD₮ and XAU₮: Tether’s Real-World Stablecoin Play

Central to the MoU is Tether’s exploratory interest in integrating its stablecoins, USD₮ and XAU₮, into Zanzibar’s digital payment system, Zanmalipo. Both USD₮, tracking the U.S. dollar, and XAU₮, which is supported by physical gold, could offer a potentially more secure savings, crossborder payments and day-to-day commerce option in a region with a long history of currency instability and limited access to banking systems that use the U.S. dollar.

The eGAZ operated Zanmalipo is a payment channel for multiple government services. If the integration goes ahead, it would represent one of the first publicly known public sector payment gateways accepting stablecoins as a payment method in Sub-Saharan Africa.

That’s part of Tether’s broader global push to increase real-world use of its tokens….