On July 2, 2024, Tether announced a Memorandum of Understanding (MoU) with the Zanzibar e-Government Authority (eGAZ) to promote digital asset education and blockchain technology. This collaboration aims to advance digital asset education and blockchain technology adoption in Zanzibar, East Africa, fostering financial inclusion and local capacity building. The initiative focuses on real-world applications of digital assets.
Tether plans to integrate USD and XAU into Zanmalipo, a local government payment gateway. Educational workshops will be organized across Zanzibar, covering topics such as Blockchain, Bitcoin, stablecoins, and peer-to-peer technologies. The partnership may involve local academic institutions and promote public and private sector events.
This collaboration could modernize digital infrastructure and provide access to stable financial instruments. The integration of digital assets aims to unlock new opportunities for individuals and businesses. Paolo Ardoino, CEO of Tether, stated that the MoU marks a turning point in shifting the ecosystem from informal curiosity to structured growth. (Source: Various news outlets, July 2, 2024)