1-7-2025 – Tether, a leading stablecoin provider, has signed a memorandum of understanding with Zanzibar’s e-Government Agency (eGAZ) to promote digital asset education and financial innovation, as announced today. The partnership aims to enhance financial inclusion and build local expertise in blockchain technology across the region.
The collaboration focuses on developing educational programs to increase digital asset literacy, particularly for stablecoins like Tether’s USD₮, which is pegged 1:1 to the U.S. dollar. By aligning with international best practices, Tether and eGAZ intend to foster sustainable technological growth, empowering Zanzibar’s businesses and citizens to engage with digital finance. This initiative builds on Tether’s prior efforts in Africa, including partnerships in Guinea and Turkey, to drive blockchain adoption in emerging markets.
Zanzibar’s digital transformation strategy, outlined in its 2023–2027 Digital Economy Blueprint, emphasizes secure digital infrastructure and innovative financial solutions. Tether’s involvement could accelerate these goals, particularly in tourism-heavy regions, by enabling efficient cross-border payments and financial access for underserved communities. The partnership also aims to strengthen local institutions through capacity-building workshops and compliance-focused training.
This development, first reported by Tether’s official channels, signals growing interest in blockchain solutions in East Africa. Observers will watch how this collaboration shapes Zanzibar’s role in the pan-African digital economy.