The issuer of USDT Stablecoin said on Monday that Tether will work with the Republic of Guinea to accelerate the country’s efforts to adopt blockchain technology. The company has signed a Memorandum of Understanding (MOU) with the Guinea government and said it will work with the authorities to ensure that its engagement with blockchain and virtual digital assets (VDA) is facilitated in a secure way. The government plans to adopt modern technology to digitize its economy and promote growth in the country.
As part of a memorandum of understanding signed with the Guinea government, Tether will launch an education and awareness program related to cryptocurrency and blockchain technology, with an estimated population of more than 14 million.
“Together, we aim to implement effective blockchain solutions that benefit the public and private sectors, pave the way for economic growth and establish Guinea as a prepared statement,” said Paolo Ardoino, CEO of Tether. A leader in technological innovation.”
Guinea hopes to establish itself as a hot spot for technological advancement in Africa as part of its Simandou 2040 plan. M. Djiba Diakité, President of the Republic of Guinea, said that technical training and education of its young population is a top priority.
The focus area of partnership with Tether will be the country’s growth in blockchain expertise. Tether will introduce Web3-centric initiatives in the private and public sectors across the country to weapons professionals with advanced technical skills as part of the Memorandum of Understanding.
“The memorandum of understanding between the Republic of Guinea and Tit is a major strategic step in our pursuit of inclusive and sustainable digital transformation. Our goal is to open a new chapter in our technological development. This is the decisive step towards technological sovereignty. a step. “Diakité said.
Other government officials from the Ministry of Education and Science also praised their collaboration with the creators of the world’s largest Stablecoin.
Other countries such as India, Malaysia and the UAE are also exploring the use of blockchain technology in the areas of supply chain management, data storage and asset marking.
Tether said it is also working with the Ras Al Khaimah region of Switzerland, Turkey, Uzbekistan and the UAE to accelerate their experiments and exploration of blockchain technology. The company has also joined T3, a financial crime division of other cryptocurrency players such as TRON and TRM Labs, to track suspicious chain transactions.
