The partnership explores stablecoin integration into local payments, promoting inclusive access to decentralized financial tools.
Zanzibar, an island nation usually known for its charm on the tourist map, has now caught the crypto world’s attention. Tether, the largest stablecoin issuer, has signed a memorandum of understanding (MoU) with the Zanzibar e-Government Authority to expand digital asset education and accelerate the adoption of blockchain technology. Paolo Ardoino, CEO of Tether, stated:
“This MOU with the Zanzibar eGovernment Authority reflects our commitment to advancing financial literacy and sustainable blockchain innovation in Africa.”
Of course, this isn’t just about digital seminars or brochures, there’s a serious intention to bring stablecoins into the local government’s payment system: Zanmalipo.
Imagine if locals could directly use USDT or even Tether Gold to make transactions — without having to rely on traditional bank accounts. That’s one of the dreams being built in Zanzibar. Under the MoU, Tether and the government will jointly conduct training, develop curricula, and even collaborate with universities and the business community.
Furthermore, this project is not standing alone. In early June, CNF reported that Tether had invested in Shiga Digital — a platform that is making it easier to access blockchain-based financial tools in Africa. Their vision is quite bold, making stablecoins the main financial aid in regions that have been marginalized by the traditional financial system.
Previously, two days before the investment in Shiga Digital, we also reported that Tether had invested in Orionx — a crypto startup from Latin America. The goal is still the same: expanding payment infrastructure and providing faster cash solutions for local businesses.
With simultaneous movements on two continents, Tether seems to be setting the global stage quite neatly. Although, some might say this is just a “normal expansion,” but their movement pattern speaks otherwise.
However, Tether’s steps do not stop in the public sector or infrastructure. A few days ago, this company surprised many because it was recorded that it already owned 10.7% of the shares of the giant Italian football club, Juventus.
The goal is not to become a jersey sponsor or buy VVIP seats, but more towards strategic influence. Tether is even pressuring Juventus management and its parent company, Exor, to give it a seat on the board of directors. Until now, the response is still awaited.
Back in Zanzibar, they have begun to show a new, more tech-savvy face. The local government recently launched a blockchain sandbox — an open testing ground for technology projects before they are widely implemented. The collaboration with Tether seems to fit into that direction.
The government wants to drive digital financial inclusion and find more practical solutions for people who have traditionally relied on cash or informal payment systems.
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