Tether has made a strategic investment in Shiga Digital to expand on-chain financial infrastructure in Africa, targeting cross-border payments and treasury tools.
Tether has made a strategic investment in Shiga Digital to support on-chain financial infrastructure across Africa. The companies say the focus is improving cross-border payments and treasury management for businesses.
Shiga Digital announced that Tether has taken a strategic stake to help it scale its on-chain financial infrastructure across Africa.
On-chain means transactions are recorded and settled on a blockchain, which is a shared ledger (think of it like a public spreadsheet that many computers agree on). In practice, this often uses stablecoins, which are crypto tokens designed to track a currency like the US dollar.
Shiga Digital said the investment will help it expand infrastructure to serve more users, and roll out new on-chain products for day-to-day financial needs. The company also highlighted security and accessibility as priorities.
The added context from the announcement points to two specific problem areas for African businesses. One is cross-border payments, which are international transfers that can be slow and expensive. The second is treasury management, which is how a company holds cash, moves money between accounts, and plans short-term liquidity.
On Liners, Shiga Digital is listed as Shiga.
Cross-border payments remain a major bottleneck for African startups, SMEs, and exporters. Fees, FX spreads (the extra cost baked into currency exchange rates), and settlement delays can make it hard to pay suppliers or receive funds on time.
On-chain rails can reduce settlement time because value moves digitally and can be tracked end to end. For operators, that can mean faster reconciliation (matching payments to invoices) and clearer visibility across markets.
Still, execution will matter. Treasury and payments touch compliance, banking access, and local regulation. Shiga Digital and Tether will need to show that on-chain tools can work reliably at scale, not just in pilots.
Primary Source: docs.shiga.io
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