Connect with us

General

Tether Invests in Fizen for Global Stablecoin Utilization

Published

on

Tether Fizen

By Modupe Gbadeyanka

To support innovative solutions that enhance financial accessibility and security in the digital asset ecosystem, Tether has made a strategic investment in a financial technology (fintech) company specializing in self-custody crypto wallets and digital payments, Fizen Limited.

This transaction will allow Fizen to integrate its innovative technology with Tether’s leadership in the stablecoin industry.

The objective is to accelerate digital asset utilization while upholding the utmost security standards. This will further solidify Tether’s role in advancing blockchain-based finance and its commitment to global financial inclusion.

According to the chief executive of Tether, Mr Paolo Ardoino, this investment in Fizen “underscores our commitment to expanding global access to efficient and reliable digital financial solutions that promote the informed responsible use of digital assets in everyday life.”

“At Tether, we recognize the crucial role of self-custodial payment infrastructure in driving real-world use cases.

“Fizen’s innovative model helps to bridge the gap between self-custody and digital payments, empowering users with greater financial independence while reinforcing our leadership as the most widely used stablecoin globally, advancing inclusive access to the financial system,” Mr Ardoino added.

Also, the chief executive of Fizen, Leo Vu, said, “Stablecoins like USD₮ will undoubtedly drive crypto payments and financial inclusion worldwide.

“The technology infrastructure is already in place, but we lack consumer-friendly applications with intuitive UI/UX to accelerate mass integration.

“Fizen is solving this by making crypto payments an intuitive part of daily transactions, allowing users to pay seamlessly without even realizing they are using blockchain technology.”

Fizen offers advanced payment technologies that facilitate seamless stablecoin transactions, making digital assets more accessible for consumers and businesses. It is one of the crypto companies delivering real value to consumers and businesses, bringing practical crypto use cases to life.

The World Bank’s Global Findex Report reveals that millions of individuals worldwide remain unbanked. People in this category consistently cite distance to the nearest financial institution and a lack of proper documentation requirements as the primary reasons they could not access traditional banking services.

This investment will enable Fizen to enhance its blockchain capabilities, facilitating the seamless integration of stablecoins across multiple blockchain ecosystems. It will also provide users access to a more efficient and user-friendly solution to store, transfer, and transact using stablecoins, eliminating restricted access or complicated documentation.

However, while stablecoins offer a compelling alternative for those excluded from traditional financial systems, their practical use in everyday commerce still faces hurdles despite clear advantages, such as lower fees, enhanced security, and near-instant transactions.

Merchant usage remains a key challenge. Through this investment, Fizen aims to bridge this gap by enabling users to pay seamlessly with stablecoins.

At the same time, merchants receive instant fiat settlements through known payment methods like QR codes and card readers. This eliminates the need for additional infrastructure, making digital asset payments more accessible and efficient for businesses worldwide.

Market projections for 2024 state that QR code payments are expected to surpass $3 trillion, with 2.2 billion users by 2025, driven by increasing smartphone penetration and the rising demand for frictionless, secure, and convenient digital transactions.

With this strategy and strong technological and business development foundations, the collaboration between Fizen and Tether looks to accelerate the widespread use of crypto payments at scale to usher in an era of seamless digital transactions.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

Court Acquits Abba Kyari of 23-Count Asset Declaration Charge

Published

on

Abba Kyari created

By Adedapo Adesanya

Justice James Omotosho of the Federal High Court in Abuja has discharged and acquitted the suspended Deputy Commissioner of Police Abba Kyari of a 23-count charge of alleged non-declaration of assets filed against him by the National Drug Law Enforcement Agency (NDLEA).

Mr Kyari is being charged alongside his two brothers, who were accused of swearing to false affidavits to conceal the origin of some properties.

The court in its judgment held that the NDLEA failed to provide sufficient evidence to prove its case against the defendants, which is mostly the non-declaration of land properties.

Justice Omotosho noted that proving ownership of landed properties can be done through traditional history, title, acts of possession and possession by connection.

The prosecution did not provide any of these documents to show that the said properties located in Fountain Estate, Kasana, which belong to Ramatu Kyari, are truly owned by the police officer.

Also, the court held that the prosecution did not provide the same material evidence linking Mr Kyari to properties in Linda Choko Road, Asokoro and also Maiduguri in Borno State.

Mr Kyari, in his defense said the properties in Borno belonged to his father, which he left for him and his siblings.

It was judged that the prosecution did not prove otherwise, adding that the prosecution charged Mr Kyari’s brothers in bad faith for alleged conspiracy, which they failed to prove.

Continue Reading

General

NCC Arraigns Netnaija’s Emma Analike Over Alleged Copyright Infringement

Published

on

netnaija

By Modupe Gbadeyanka

The chief executive of Netnaija Media Enterprises, Mr Emmanuel Analike, has been arraigned before a Federal High Court sitting in Abuja by the Nigerian Copyright Commission (NCC).

The suspect appeared before Justice Suleiman Liman on Wednesday over allegations bordering on copyright infringement.

He was accused by the NCC of using his online platform to make movies and others not belonging to him available for users to download on the internet.

According to the agency, Mr Analike has infringed copies of audio-visual materials distributed online via his website for online users. Netnaija is an online movie and music download site.

The prosecution counsel, Ms Gladys Isaac-Ojo, who works with the NCC, told the court that the defendant committed an offence contrary to and punishable under Section 44 (1) (a) of the Copyright Act, 2022.

However, Mr Analike pleaded not guilty to the charges preferred against him, prompting his counsel, Nnemeka Ejiofor, seek his bail.

The lawyer informed the court that the application was filed on Monday and supported by 23 paragraphs of affidavits and a written address.

But the judge refused to give a bench ruling and adjourned the ruling of the bail application to Monday, March 9, 2026, ordering the remand of the Netnaija chief in Kuje Correctional Centre.

Continue Reading

General

Entries Open for ClimateLaunchpad Green Business Ideas Competition

Published

on

ClimateLaunchpad

By Modupe Gbadeyanka

Entries for the 2026 edition of the world’s largest green business ideas competition, ClimateLaunchpad, have opened.

In 2025, the programme, organised by Climate KIC, received over 2,700 applications from 40 countries. The winning ventures gain prize money, investor connections, and access to a global cleantech network.

This year’s edition is expected to be bigger and better, with climate innovators, green venture builders, and entrepreneurs from around the world given the opportunity to apply.

Since its inception in 2014, the programme has supported nearly 5,000 ideas across 97 countries, and this year, it is expanding its presence in Asia with Singapore hosting both the regional final and global grand final for the first time.

Participants move through several stages, including an initial mini-course to refine the concept, an intensive multi-day Boot Camp led by expert trainers, targeted coaching to perfect value propositions and investor pitches, national and regional finals, and a place at the global grand final, with prizes and access to a global climate network.

“Strengthening ClimateLaunchpad’s presence in Asia marks a profound new chapter for this programme and for the climate innovation movement more broadly. Asia is where so much of the world’s climate and nature future will be shaped, through business leadership, public-private partnerships and long-term strategic thinking,” the chief executive of Climate KIC, Kirsten Dunlop, stated.

“We look forward to supporting this momentum with new business ideas and innovation ecosystem collaborations across more than a dozen countries.

“This expansion opens space for deeper cross-cultural connections and for first-time founders to turn sparks of imagination into solutions that serve both people and planet,” Dunlop added.

Also commenting, the chief executive of Better Earth Ventures, Ms Rebecca Sharpe, said, “We are proud to host ClimateLaunchpad’s regional and global grand final in Singapore and to convene an international group of climate entrepreneurs from more than 50 countries.

“Climate solutions are emerging from every corner of the world, and bringing them together creates the kind of cross-border exchange and collaboration this moment demands. Our focus is to ensure early-stage founders have the structure, ecosystem access and support needed to move from idea to credible impact.”

Continue Reading

Trending