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Tether invests in LemFi to use USDT for faster cross-border remittances in Africa and Asia.

Market News
18 May 2026
Blockonomi
View Source
Bullish
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Tether has invested in LemFi to deploy USDT stablecoin infrastructure across African and Asian remittance corridors, targeting diaspora communities sending money from developed countries. This partnership aims to improve cross-border payment speed and reduce costs by replacing traditional banking delays with stablecoin settlements, while users still transact in local currencies. The move supports financial inclusion and practical stablecoin use beyond trading, potentially transforming remittance flows for over 30 countries. LemFi will expand its platform capabilities with Tether's backing, enhancing efficient and transparent money transfers for immigrant populations.

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