- Tether and Guinea sign a landmark MoU to explore blockchain and digital transformation.
- Focus areas include education, innovation, and sustainable technology for economic growth.
- The partnership aligns with Guinea’s Simandou 2040 program to lead Africa’s digital evolution.
Tether, the world’s leading stablecoin issuer, has entered into a partnership with the Republic of Guinea. This agreement, finalized under a Memorandum of Understanding (MoU), has been established with the objective of researching blockchain and peer-to-peer solutions for powering the country’s economic growth and digital revolution.
The collaboration becomes a major pillar of the overall strategy of becoming Africa’s leader in being a powerhouse of technology under its ambitious Simandou 2040 initiative. The MoU defines Tether’s commitment towards blockchain adoption on the pillars of education, innovation, and sustainability.
It aims to create a firm foundation for blockchain adoption in Guinea, with the City of Science and Innovation being used as a launch pad for capacity-building and knowledge transfer.
Strengthening Education and Local Talent
A core of this effort is the launch of training programmes for developing blockchain and digital skills locally. The programmes will be for both private and public spaces, with the vision of gaining widespread knowledge and skill-building.
Tether plans to cooperate with research and academic centers of Guinea with the aim of developing competence and generating a viable environment for technology and entrepreneurship.
Paolo Ardoino, CEO of Tether, said:
This MoU reflects our commitment to helping countries build resilient digital economies. Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation.
Innovation City Project and Economic Growth
The MoU also harmonizes with the national initiative of the country’s Innovation City, a programme for bolstering the country’s presence in the digital economy.
This dynamic space will be filled with research, entrepreneurship, and innovation, with the purpose of economic growth. With blockchain, Guinea intends to discover new means of being more efficient and internationally competitive.
M. Djiba Diakité, Presidency’s Minister and Head of Cabinet, underlined the significance of this alliance, noting that the MoU symbolizes a key step towards technological sovereignty. The initiative, he said, endows young people of Guinea with the skills needed to overcome global challenges and take advantage of opportunities of the age of the digital revolution.
Tether’s Broader Vision for Blockchain Adoption
Tether’s efforts in Guinea are supplemented with its international projects, including blockchain training in Türkiye, infrastructure development in Uzbekistan, and Bitcoin-related projects in the Middle East.
This collaboration reinforces Tether’s vision of enabling blockchain adoption on a global scale, in accordance with its goal of encouraging innovation and education.
With this partnership, Tether and Guinea will be charting the way for the use of blockchain by nations for realizing inclusive and sustainable digital growth.