Tether Invests in LemFi to Accelerate Stablecoin Settlement Flow in Africa and Asia - Tekedia

Tether invested in African remittance fintech LemFi to expand USDT-based settlement across cross-border payment flows.

The partnership aims to make remittances and everyday payments faster and cheaper in Africa and Asia, where banking rails can be costly or limited.

LemFi plans to integrate stablecoin settlement into its infrastructure for users in markets including Nigeria, Kenya, South Africa, and parts of Southeast Asia.

The deal highlights growing interest in using digital dollars as payment infrastructure, while also likely drawing regulatory scrutiny.