Exploring Blockchain Technology: Tether Signs MoU with Republic of Guinea
17 February 2025 — Tether, a prominent player in the digital asset industry, has announced a significant partnership with the government of the Republic of Guinea. The Memorandum of Understanding (MoU) signed between the two entities aims to delve into the realms of blockchain and peer-to-peer technologies. The collaboration seeks to drive economic growth and position Guinea as a pioneer in Africa’s digital transformation.
Commitment to Blockchain Adoption
This strategic alliance underscores Tether’s dedication to promoting blockchain adoption on a global scale. By fostering innovation, education, and responsible use of digital assets, Tether aims to lay a strong foundation for sustainable success in the digital economy.
Focus on Education and Innovation
The MoU between Tether and the Republic of Guinea is centered around education, innovation, and sustainable technology practices. By transferring international knowledge and best practices to Guinea, the initiative aims to pave the way for the country’s adoption of blockchain technologies. Collaborating with Cité des Sciences et de l’Innovation de Guinée, educational programs will be introduced across both public and private sectors to raise awareness, build skills, and nurture local talent in digital technologies.
Tether’s support for Guinea’s “Innovation City” project aligns with the government’s vision of establishing a dynamic hub for technology, research, and entrepreneurship. This initiative underscores Tether’s track record of collaborating with governments and institutions to drive the responsible adoption of blockchain technology.
Strategic Vision
Paolo Ardoino, CEO of Tether, expressed enthusiasm about the collaboration, stating, “We are thrilled to collaborate with the Republic of Guinea to unlock the immense potential of blockchain and digital technologies across Africa. Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation.”
M. Djiba Diakité, Minister and chief of staff of the Presidency of the Republic of Guinea, emphasized the strategic importance of the MoU, stating, “The signing of this MoU represents a major step forward in our quest for an inclusive and sustainable digital transformation. It testifies to our determination to position Guinea among Africa’s innovation leaders through our Simandou 2040 program while offering our young people the tools they need to meet global challenges and seize the opportunities of the digital world.”
Accelerating Technological Innovation
M. Alpha Bacar Barry, the Minister of Higher Education, Scientific Research, and Innovation, highlighted the significance of the MoU in positioning Guinea at the forefront of technological innovation in Africa. This collaboration will strengthen educational and scientific infrastructures, equipping the youth to navigate the challenges and opportunities of the global digital transformation.
Pr Abdoulaye Baniré Diallo, Cité des Sciences et de l’innovation de Guinée project coordinator, emphasized the strategic leverage of the MoU in integrating blockchain and peer-to-peer technologies into Guinea’s educational and technological ecosystem. This framework aims to develop local skills, adopt innovative solutions, and build an inclusive and sustainable digital economy in Guinea.
Driving Sustainable Growth
As Tether continues its collaborations with governments, businesses, and institutions, the company remains steadfast in advancing blockchain technologies and creating opportunities for sustainable growth and digital empowerment.