CMC News: Tether has made a strategic investment in Abu Dhabi-based Shiga Digital to expand blockchain financial solutions across Africa.

Shiga Digital offers pan-African access to virtual accounts, OTC services, treasury management, and foreign exchange solutions. The investment amount was not disclosed, but the partnership aims to address cross-border payment barriers for African businesses.

Tether's $USDT stablecoin will power the blockchain-based infrastructure targeting legacy industries, including the oil and gas sectors. Shiga Digital operates as a small startup with fewer than 10 employees, according to its LinkedIn profile.

This follows Tether's earlier collaboration with African cryptocurrency exchange Quidax and investments in Bitcoin mining initiatives on the continent. Tether CEO Paolo Ardoino emphasized the goal of delivering financial access and efficiency to African enterprises through blockchain technology.

Morocco's central bank recently moved to prepare draft cryptocurrency regulation laws, signaling growing digital asset adoption across Africa.