Tether Invests in LemFi to Integrate USDT Settlement Across Africa and Asia

According to Tether CEO Paolo Ardoino, Tether has recently invested in LemFi, a Y-Combinator-backed fintech specializing in cross-border payments. The investment amount was not disclosed. As part of the deal, LemFi will integrate Tether’s USDT stablecoin as a settlement layer across key payment corridors in Africa and Asia, aiming to reduce reliance on traditional networks such as SWIFT and lower settlement delays. LemFi, founded in 2021, has over 1 million customers and has raised $85 million to date, according to a company statement.