July 1, 2025 – Tether, the largest company in the digital asset industry, has signed a memorandum of understanding (MOU) with the Zanzibar E-Government Authority (EGAZ) to mark a strategic collaboration to promote digital asset education and financial innovation across developing regions.
This is in line with Tether’s vision to strengthen Africa’s digital economy through education, regulatory clarity and the development of an innovative ecosystem. Tether and Egaz aim to lay the foundations for promoting financial inclusion, local capacity building and digital asset literacy, along with the advancement of sustainable technology that meets international best practices.
The initiative aims to emphasise actual use cases of digital assets and empower individuals and businesses. Tether also supports the integration of USD and Xau and into local government payment gateway Zanmalipo, and appreciates improving accessibility and utilities within the local financial ecosystem.
As part of Tether’s mission to be at the forefront of the digital asset education revolution, Tether may work with EGAZ to host educational workshops for Zanzibar stakeholders, focusing on blockchain, Bitcoin, Stablecoin and peer-to-peer technology.
The MOU also envisages collaboration with local academic institutions and research centres to integrate blockchain technology into the educational framework. Tether and Egaz could jointly promote public and private sector events, raise awareness, promote knowledge sharing, and foster entrepreneurship within the blockchain ecosystem.
This collaboration could significantly contribute to Zanzibar’s financial economy. By strengthening digital infrastructure and providing access to borderless and stable financial products, this initiative can introduce savings alternatives, promote cross-border transactions and support business growth. These efforts are also in line with Zanzibar’s broader goal of promoting a comprehensive financial system and reducing reliance on traditional banking models. Integrating digital assets such as USD₮ and Xau₮ into your local wallets can modernize financial access and unlock new opportunities for individuals and businesses.
Zanzibar’s crypto market is still in its early stages, but it shows a localized experiment using digital finance, with increased traction power through informal peer-to-peer transactions. The government’s recent launch of its Blockchain Sandbox Programme highlights its commitment to foster entrepreneurship, innovation and regional collaboration in emerging technologies.
“This Mou with the Zanzibar Economic Authority reflects our commitment to promoting financial literacy and sustainable blockchain innovation in Africa,” he said. Paolo Aldoino, Tether CEO. “It marks a turning point and turns the ecosystem from informal curiosity into structured growth. By combining clarity between education investment and integration of digital assets, it collaborates to lay the foundations for an inclusive digital economy.
By running this MOU, today marks a significant milestone in history as Zanzibar joins other parts of the world to take advantage of the opportunities presented by including digital assets. “This mu with Tether provides access to the future as we can leverage Tether’s support to inspire legal and institutional reforms to public participation, digital asset education, and inclusion.” Mr. Seyf said Director Egaz said.
As Tether continues to work with governments and institutions around the world, this Memorandum of Understanding (MOU) with Zanzibar represents another important step in fostering digital asset education, responsible blockchain integration and comprehensive economic growth.