Tether partners with Shiga to launch self-custodial finance in Africa and GCC
Tether and Shiga said they will expand self-custodial finance products across Africa and the Gulf Cooperation Council using Tether’s Wallet Development Kit. The rollout is described as covering USD₮, Bitcoin and Tether Gold, and it is aimed at both individuals and institutions.
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Individuals, businesses, banks, and fintechs in Africa and the Gulf Cooperation Council are the groups named in the rollout, and they are the ones who would notice the new self-custodial products first. The announcement ties the plan to wallets for USD₮, Bitcoin, and Tether Gold, so the immediate effect is the addition of those asset options in the regions named.
Before this plan, the named products were not described as being available across Africa and the GCC in this form. The setup keeps self-custody as the central feature, while also linking the rollout to holding, transfers, payments, and settlement services through Tether’s Wallet Development Kit.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 22 days ago | US seizes Capstone’s bank accounts over alleged illegal transfers for Tether and Bitfinex event | 1 actors in common · 6 news media |
| 22 days ago | US Authorities Seize $89 Million Linked to Tether Partner EQIBank event | 1 actors in common · 5 news media |
| 22 days ago | Tether Says EQIBank Funds Make Up Less Than 0.034% of Assets event | 1 actors in common · 4 news media |