Tether, the world’s largest digital asset company, has signed a Memorandum of Understanding (MoU) with the Republic of Guinea to advance blockchain adoption and drive economic transformation. The agreement, announced on February 17, marks a significant step in positioning Guinea as a leader in Africa’s digital economy by leveraging blockchain and peer-to-peer technologies.
The initiative focuses on fostering innovation, education, and responsible digital asset utilization in Guinea. The collaboration aims to build a robust foundation for blockchain technology in the country, emphasizing knowledge transfer, skill development, and sustainable technological practices. Through partnerships with institutions such as Cité des Sciences et de l’Innovation de Guinée, the MoU seeks to create an ecosystem that facilitates digital education and the development of local talent.
Advancing Digital Education and Innovation
A key component of the agreement involves the integration of blockchain expertise and education across Guinea’s public and private sectors. Tether and the Guinean government aim to establish training programs to increase awareness and equip the country’s workforce with digital skills necessary for the global economy.
Guinea’s Minister of Higher Education, Scientific Research, and Innovation, M. Alpha Bacar Barry, highlighted the significance of this initiative, stating that the MoU would strengthen the nation’s educational infrastructure while preparing young professionals for the demands of a digitally transformed world. Similarly, Pr. Abdoulaye Baniré Diallo, coordinator of the Cité des Sciences et de l’Innovation de Guinée, described the agreement as a “strategic lever” to develop technical frameworks that will enable Guinea to adopt innovative digital solutions.
Tether’s CEO, Paolo Ardoino, emphasized the company’s commitment to supporting digital economies through blockchain. “We are thrilled to collaborate with the Republic of Guinea to possibly unlock the immense potential of blockchain and digital technologies across Africa. This MoU reflects our commitment to helping countries build resilient digital economies,” Ardoino said.
Supporting Guinea’s ‘Innovation City’ Project
In addition to education, Tether will support Guinea’s “Innovation City” project, an initiative designed to foster technology, research, and entrepreneurship. The project aims to establish Guinea as a regional hub for technological advancement, promoting economic growth and positioning the country among Africa’s leaders in digital innovation.
Djiba Diakité, Minister and Chief of Staff of the Presidency of Guinea, described the MoU as a “major strategic step” in Guinea’s pursuit of digital transformation. “We aim to open a new chapter in our technological development by integrating cutting-edge technologies such as blockchain and peer-to-peer solutions,” he stated. He also linked the agreement to Guinea’s broader Simandou 2040 development agenda, which seeks to harness innovation for long-term economic progress.
This partnership builds on Tether’s prior engagements with global institutions to promote blockchain adoption, including its initiatives in Türkiye, Uzbekistan, and the Ras Al Khaimah region. With this agreement, Guinea is positioning itself at the forefront of Africa’s digital revolution, signaling broader adoption of blockchain in emerging economies.
