Tether, the foremost provider of stablecoins, has recently inked a memorandum of understanding (MOU) with the Republic of Guinea.
This partnership aims to explore the potential of blockchain technology and to develop educational programs centered on this innovative field.
Partnership Goals
At its core, the agreement aims to set the foundation for integrating blockchain into Guinea’s infrastructure, promoting a spirit of innovation throughout the country.
By collaborating with the Guinean government, Tether hopes to share valuable insights and practices that bolster education, stimulate innovation, and ensure sustainable technological growth.
Tether is well-known for operating the most prominent stablecoin on the market, Tether (USDT).
Earlier this year, the company established a similar partnership in Uzbekistan with the country’s crypto and capital markets regulatory body, focusing on areas such as blockchain, stablecoins, and tokenization.
Fostering Blockchain Knowledge
A significant aspect of the MOU involves a commitment to fostering blockchain knowledge and skills within both Guinea’s public and private sectors.
This initiative aims to raise awareness and nurture local expertise in digital technologies, thereby preparing Guineans for the future.
According to Tether’s CEO, this collaborative effort is designed to introduce effective blockchain solutions that can drive economic progress across various sectors in Guinea.
The vision is to position the nation as a leader in technological advancement.
In sync with the nation’s goals, a senior official from Guinea’s transitional government stressed the need to equip the younger generation with crucial skills to tackle global challenges and effectively engage with the digital economy.
Innovation City Initiative
Additionally, Tether intends to work on an exciting initiative called “Innovation City,” which seeks to create a vibrant hub for technological research and development.
A recent Consensys survey revealed that emerging markets, particularly in Africa, are increasingly embracing the potential of cryptocurrency and blockchain technologies.
This partnership marks a significant step for Guinea as it embarks on a transformative journey toward harnessing the power of innovation in the digital realm.
Source: Cointelegraph
