We are pleased to announce that Tether, the largest company in the digital asset industry and issuer of USD₮, the world's most widely used stablecoin, has made a strategic investment in LemFi. This investment is built on our shared goal of financial inclusion and the expansion of access to efficient, borderless financial systems.
At LemFi, we have become one of the most trusted platforms, connecting communities across the UK, US, Canada and Europe with loved ones in Africa and Asia. To further deliver on our mission to make financial services fair, simple and accessible for the millions of people who live and work across borders, we need to go beyond the limitations of traditional rails. Stablecoins are central to making this possible.
In addition to promoting the use of Stablecoin-Powered remittances, Tether’s investment aims to support our integration of USD₮ as a settlement layer, replacing multi-day SWIFT chains with near-instant, low-cost settlement across our key corridors. Helping us accelerate our stablecoin infrastructure, which will progressively extend across our broader product offerings, delivering more stable, transparent and accessible financial services to customers on both sides of the corridors.
According to Paolo Ardoino, CEO of Tether:
"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."
Ridwan Olalere, LemFi's CEO & Co-founder, added:
"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.”
A New Standard for Inclusive Remittances
By combining Tether's deep liquidity with LemFi's established presence in emerging markets, together, we will set a new standard for faster, more inclusive remittances designed for today's interconnected world.
