Tether invests in remittance fintech LemFi to expand USDT settlement across Africa and Asia
The Block
Tether has invested in fintech LemFi to integrate USDT as a settlement layer, improving cross-border remittances across Africa and Asia.Summary
Tether has announced an investment in the fintech firm LemFi to streamline cross-border remittance services in Africa and Asia. By integrating Tether's USDT stablecoin as a settlement layer, LemFi aims to reduce reliance on traditional payment networks like SWIFT, prioritizing faster and more cost-effective transactions. This partnership supports LemFi's mission to provide affordable financial services to over 1 million users, highlighting a growing trend of stablecoin issuers expanding their utility in emerging markets.
(Source：The Block)