Tether, the largest Digital assets company by Revenue, signed a Memorandum of Understanding (MOU) with the Government of the Republic of Guinea.
The MOU between the two parties focuses on advancing blockchain and peer-to-peer technologies in the country. The goal is to drive economic growth and position the country as a leader in Africa’s digital transformation.
Tether was represented by Arnoud d’Yve de Bavay, the Regional Expansion Manager for the Stablecoin issuing Firm. He met up with the Ministre des Postes, des Télécommunications et de l’Economie Numérique ,Rose Pola Pricemou and the Ministre de l’Enseignement Supérieur, de la Recherche et de l’Innovation ,Alpha Bacar Barry to discuss blockchain adoption, financial freedom, and digital transformation.
A key element of the initiative is the possible development of blockchain expertise and education in collaboration with Cité des Sciences et de l’Innovation de Guinée (City of Science and Innovation of Guinea).
The initiative would introduce educational programs across Guinea’s public and private sectors to raise awareness, build skills, and cultivate local talent in digital technologies.
Tether also aims to support Guinea’s “Innovation City” project, an initiative designed to solidify the country’s position as a leader in the digital economy by creating a thriving space for technology, research, and entrepreneurship.
An Ongoing Relationship
Tether’s CEO Paolo Ardoino created to MOU explaining Tether’s commitment to helping countries build up their digital economies.
“We are thrilled to collaborate with the Republic of Guinea to possibly unlock the immense potential of blockchain and digital technologies across Africa. 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.” Paolo Ardoino
M. Djiba Diakité, Minister and Chief of Staff of the Presidency of the Republic of Guinea, said the signing of the MoU between the Republic of Guinea and Tether represents a major strategic step forward in the country’s quest for a robust Digital economy.
Arnoud d’Yve de Bavay thanked Thierno Hamidou Bah, Abdoulaye Baniré Diallo, and Ibrahima Soumano for their meaningful contributions to the collaboration.
In 2024, Tether reported a net profit exceeding $13 billion, marking a significant increase from previous years.
The Stablecoin Issuing Company has ramped up its diversification efforts lately, looking at other sectors like Energy and Agriculture.
