Tether Operations Limited, the largest company in the digital asset industry, and NODO, a growth partner for Web3 companies across emerging markets, are announcing a collaboration to drive stablecoin and bitcoin education in Africa.

Tether, a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner, intends to tap into Africa’s growing appetite for education on bitcoin and stablecoins. Through this collaboration, Tether aims to educate users in Africa by teaching them on the use cases of stablecoins and facilitating transactions with USD₮. This strategic collaboration between Tether and NODO will focus on providing financial and technological education among technology-savvy youths through a range of educational content, material and quizzes.

This six-month campaign aims to educate the public through online AMAs, workshops, and Q/As with crypto experts on social media. It will also include physical roadshows and seminars in major cities to further engage with their crypto communities.

NODO’s community of over 200,000 blockchain users domiciled in key African countries would be key to achieving the purpose of this collaboration.

"Access to finance in Sub-Saharan Africa, encompassing financial institutions, mobile money services, and related avenues, currently stands at 49%, significantly lower than the global average of 76% and the Developing Countries average of 71%. We posit that fostering market expansion and advancing financial literacy across Africa, coupled with the presence of Tether in Africa, the leading digital asset company globally, will wield substantial influence in addressing the region's financial obstacles and fostering greater financial inclusion through education", said Shogo Ishida, Co-founder of NODO.

NODO features a multichain gamified incentive layer that allows its 200k+ users to interact through articles, quizzes, surveys, and its forum-style feed for educational purposes. NODO has built Africa’s largest blockchain community, attracting over 4 million site visits and 200,000 wallets connected across Celo, Avalanche, and BASE. The company has inked deals with blockchain companies such as CV Labs, Fonbnk, Canza Finance, and Avalanche, which have helped them grow their awareness and transaction volumes in Africa.

“Our main goal is to redefine traditional finance, as we are already doing, and to ensure financial freedom for the underserved, unbanked population, especially in Africa. We are excited to be working with NODO to achieve this,” said Paolo Ardoino, CEO of Tether.

Stablecoins have become the favorite cryptocurrency for residents of Sub-Saharan Africa because they can be protected against inflation and currency devaluation. They also provide a fast, cheap, and convenient alternative for facilitating cross-border transactions for intra-African commercial trade and receiving considerable remittances across various locations.

According to data collated by blockchain data platform Chainalysis between July 2022 and June 2023, stablecoins account for about 60% of the monthly cryptocurrency value sent by Sub-Saharan Africans.

With Africa’s growing adoption of stablecoins and Tether’s commitment, this collaboration aims to provide education and financial freedom for Africa’s teeming population.

About NODO

NODO is a pan-African builder & user community platform powered by Web3 SocialFi. NODO acts as a content aggregation platform with verified market & product feed, powering user engagement through our incentive task based hub. Our vision is to democratize the product & technology industry in Africa through project acceleration & growth, building powerful community user engagement & acquisition channels, and increasing product education through content.

Website: https://app.nodo.xyz/

Twitter: https://x.com/Official_NODO

LinkedIn: https://www.linkedin.com/company/nodo-official/

Telegram: https://t.me/Official_NODO_Community

About Tether and USD₮

Tether is a pioneer in stablecoin technology, driven to revolutionize the global financial landscape. Its mission is to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion and communication resilience, fosters economic growth, and empowers individuals and businesses.

As the creator of the industry's largest, most transparent, and liquid stablecoin, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.