Tether Invests in Kotani Pay to Expand USDT in Africa
Tether has made a strategic investment in Kotani Pay, a pan-African digital payments platform co-founded by the Stellar Development Foundation. The funding will integrate USDT stablecoin across local mobile wallets and on- and off-ramp channels.
The partnership aims to lower cross-border transfer costs, reduce settlement times, and improve liquidity. By expanding USDT corridors in Africa, Tether drives financial inclusion for individuals and SMEs in emerging markets.
Greater USDT adoption via Kotani Pay could boost trading volumes and enable real-time settlements, extending blockchain use beyond speculative trading. This move positions USDT for broader utility and stablecoin adoption.
Neutral
Expanding USDT corridors in Africa enhances market liquidity and stablecoin adoption, which may support higher trading volumes. However, as a fiat-backed token pegged to the US dollar, USDT’s price remains stable. Therefore, despite improved utility, this development has minimal direct effect on USDT’s value in both the short and long term.