Tether Signs MoU with Guinea for Blockchain Adoption and Digital Economy

Adoption Stablecoin Tether

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Hongji Feng

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Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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February 17, 2025 13:35 EST

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Tether has signed a Memorandum of Understanding (MoU) with the government of Guinea to explore blockchain technology and support the country’s digital transformation.

According to an announcement by Tether on February 17, the collaboration will focus on education, innovation, and the integration of blockchain into Guinea’s economic initiatives.

Blockchain Adoption in Guinea’s Innovation City Project

The company emphasized that the agreement will to establish a foundation for digital asset adoption in both the public and private sectors.

Tether stated that the MoU aligns with its broader strategy of engaging with governments and institutions to facilitate blockchain-based solutions.

The company has been involved in similar initiatives in Türkiye, Uzbekistan, and the UAE, seeking to promote digital literacy and economic empowerment.

Guinea’s Innovation City project is a central part of the initiative. Tether will work alongside local institutions, including Cité des Sciences et de l’Innovation de Guinée, to develop blockchain education programs and create opportunities for digital skill-building, further supporting blockchain adoption in the region.

Government Officials Highlight Blockchain’s Role in Economic Growth

Guinea’s leadership has expressed interest in positioning the country as a hub for technological advancement in Africa.

Officials have highlighted the potential of blockchain to modernize financial systems, enhance transparency, and drive economic growth.

“The signing of this MoU between the Republic of Guinea and Tether represents a major strategic step forward in our quest for an inclusive and sustainable digital transformation,” said M. Djiba Diakité, chief of staff to the Presidency of Guinea.

“This will enable us to strengthen our educational and scientific infrastructures while equipping our young people to meet the challenges and seize the opportunities of the global digital transformation,” added M. Alpha Bacar Barry, the Minister of Higher Education, Scientific Research, and Innovation.

Blockchain Adoption Gains Momentum in Emerging Markets

The partnership between Tether and Guinea adds to a growing trend of blockchain integration in emerging markets.

As nations seek to modernize financial infrastructure, digital assets and peer-to-peer technologies offer potential alternatives to traditional banking systems, especially in regions where access to financial services remains limited.

Beyond financial applications, the collaboration highlights how blockchain adoption can serve as a foundation for broader technological solutions.

With its use cases extending into education, governance, and innovation hubs like Guinea’s Innovation City, the success of such initiatives may influence how other developing economies approach digital transformation.