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Tether and UN Join Forces for Africa’s Crypto Security as USDT Adoption Grows Across Nigeria

Coingapestaff
18 hours ago Updated 16 hours ago
Coingapestaff

Coingapestaff

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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Tether USDT news

Highlights

  • Tether and UNODC team up to protect African crypto users.
  • USDT adoption surges in Nigeria due to convenience and stability.
  • The initiative leverages blockchain to combat cybercrime and support victims.

Tether has partnered with the United Nations Office on Drugs and Crime (UNODC) to bolster crypto security in Africa. This strategic move comes amid the growing adoption of Tether’s USDT stablecoin in Nigeria. This alliance aims to deal with the growing crypto-related scams and frauds in Africa. By taking this step, the firm sees the possibility of user protection and innovation in the nation.

Tether and UN Team Up to Save Africa from Rising Crypto Scams

According to a press release, Tether and UNODC have entered into a strategic collaboration, with the vision of safeguarding African crypto users. As one of the largest global users of USDT, Tether is keen to foster security and trust among its user base on the continent.

Through this partnership, the stablecoin platform will help the organization to achieve its Strategic Vision for Africa 2030. In this joint venture, both platforms aim to promote peace and security in the country, ensuring crypto investor protection. Leveraging blockchain and other advanced technologies, the project will confront growing cybercrimes and provide support for victims.

Commenting on the initiative, Tether CEO Paolo Ardoino stated,

“Supporting victims of human trafficking and helping prevent exploitation requires coordinated action across sectors. Through our collaboration with the United Nations Office on Drugs and Crime, we’re backing initiatives that combine innovation and education to empower communities and help create safer, more inclusive opportunities for those who need them most.” 

Significantly, this development is part of the company’s broader efforts to solidify its footprint in the global crypto market. The platform is also expanding its reach across multiple industries. Recently, Tether offered a $1B bid to acquire Juventus Football Club. The latest initiative highlights that solid security measures are also as important as expansion strategies.

UNODC’s Regional Representative, Sylvie Bertrand, highlighted the significance of digital assets across the world, especially in developing continents like Africa. She added,

“Through this collaboration, we can advance digital inclusion, strengthen digital skills and youth employability, promote secure and transparent digital ecosystems, and harness innovation to prevent organized crime while fostering sustainable and inclusive economic growth.”

Nigeria Embraces USDT

According to an X post shared by Tether lately, Nigerio holds one of the largest user bases for the USDT token. The thread read, “In Nigeria, from remittances to daily survival, USD₮ has become part of everyday life.”

As per reports, one of the major reasons Nigerians are increasingly adopting USDT is its convenience. It is a stablecoin, pegged to the US dollar, and the USDT price is currently at $0.9992737262460.

Unlike other cryptocurrencies like BTC or ETH, USDT holds a stable value. For trading, storing, or even converting to Naira, USDT provides an easy way. This also makes it a better option for Nigerians as a payment vehicle. They use the Tether token for daily activities like e-commerce spending and other everyday purchases.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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