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Tether backs Shiga to enable self-custodial USDT payments in Africa and GCC markets

Protocol Fundamentals
28 Sep 2026
Crypto Briefing
View Source
Bullish
Tether backs Shiga to enable self-custodial USDT payments in Africa and GCC markets

Tether has invested in Abu Dhabi fintech Shiga Digital to expand self-custodial digital asset services in Africa and the Gulf Cooperation Council (GCC). Using Tether's Wallet Development Kit, Shiga will offer USDT-powered payments and treasury tools tailored for markets with slow, costly traditional banking. This partnership addresses currency instability in African countries and supports faster, cheaper cross-border transactions between Africa and GCC. Shiga’s existing $350 million transaction volume highlights strong demand for these stablecoin solutions in underserved regions.

Tether's USDT trades at Rp17.969 on Pluang with a slight 0.30% increase as of Sep 28, 2026 19:21 WIB, reflecting steady demand for the stablecoin. The platform shows a market cap of Rp3.305,74 trillion and a 24-hour trading volume of Rp1.303,88 trillion, indicating active liquidity. This stablecoin activity supports the news of Tether's partnership with Shiga to enhance self-custodial finance solutions in Africa and the GCC, regions benefiting from faster and cheaper cross-border payments.

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