Tether, the digital asset company and issuer of USD₮, announced a strategic investment in fintech platform LemFi to accelerate stablecoin-powered remittances across emerging markets. The companies said the partnership is designed to improve the speed, affordability, and accessibility of cross-border financial services for users in Africa, Asia, and other global corridors.
LemFi has built a cross-border payments platform connecting communities across the UK, U.S., Canada, and Europe with recipients in Africa and Asia. Through the investment, LemFi plans to integrate USD₮ as a settlement layer, replacing traditional multi-day SWIFT settlement chains with near-instant, lower-cost transactions.
The companies said the partnership supports a broader mission of financial inclusion and the development of more efficient borderless financial systems. LemFi added that stablecoin infrastructure will expand progressively across its broader suite of financial products, with a focus on delivering more stable, transparent, and accessible services to customers operating across international corridors.
According to Paolo Ardoino:
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“Our investment in LemFi reflects our shared vision on how money moves across borders, prioritizing speed, cost, and transparency. By supporting LemFi’s growth and innovation roadmap, we are helping bring the benefits of a stable digital asset to more people who rely on remittances in their daily lives.”
Paolo Ardoino, CEO, Tether
“Tether’s investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money. Integrating USD₮ into our infrastructure brings us closer to that reality, enabling faster, cheaper, and more reliable financial services for the millions of people who depend on us every day.”
Ridwan Olalere, CEO & Co-founder, LemFi
