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    Home » Tether Invests In Fizen To Promote Global Stablecoin Adoption And Financial Inclusion
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    Tether Invests In Fizen To Promote Global Stablecoin Adoption And Financial Inclusion

    April 16, 20254 Mins Read
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    Key Takeaways:

    • The partnership, according to Tether, aims to drive real-world stablecoin use cases, particularly in unbanked populations.
    • This allows users to enjoy effortless stablecoin payments and merchants to enjoy instant fiat settlements.
    • The partnership aims to help merchants access better digital payment infrastructure without needing to adopt new hardware.

    Tether’s Pioneering Efforts for Greater Stablecoin Use

    The largest stablecoin provider globally, Tether, with a $144.5 billion market capitalization, will invest in fintech startup, Fizen Limited known for developing self-custody crypto wallets and easy-to-use digital payment tools. The initiative forms part of Tether’s wider push to accelerate the mainstream adoption of stablecoins in everyday commerce — especially in areas underserved by the conventional banking system.

    Their service is built on the Fizen multi-currency wallet platform, simplifying the use of digital currencies such as USDT (Tether) in a wide range of transactions by eliminating the need for complex blockchain interface. The company’s model also prioritizes user experience, noting simple design that allows crypto payments to feel like no different from other mobile payment apps.

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    Blockchain to Combat Financial Exclusion

    Hundreds of millions of people worldwide still do not have access to bank accounts, according to the World Bank’s Global Findex Report. The key obstacles are long distances to physical banks and an inability to fulfill documentation requirements. Notably, these challenges are more common in developing territories.

    Tether’s partnership with Fizen practically addresses these pain points. The investment bolsters the infrastructure of Fizen’s blockchain, underpinning the greater integration of stablecoins across different ecosystems. Users will be able to store, send, and spend USDT with greater ease, bypassing conventional identity verification hurdles and infrastructure gaps.

    From this self-custody model, we enable users to independently custody their own assets, a core feature in markets where institutional trust or access is unavailable.

    Merchant Resistance to Stablecoins in Everyday Commerce

    Stablecoins theoretically offer the benefits of lower fees, enhanced security and nearly instant settlements, and yet they are still used in very few everyday transactions, largely as a result of low merchant adoption.

    Fizen’s model addresses the issue by integrating crypto payments into existing merchant infrastructure. Customers can pay with USDT using common methods such as QR codes or card readers, while merchants receive fiat instantly. The process eliminates the need for additional technology or training, making it more appealing to businesses with narrow margins and little technical support.

    By eliminating both technical and financial barriers, the partnership aims to make stablecoin payments common in global businesses, especially in retail, hospitality, and services.

    Use Tether and Fizen to Tap into Exploding QR Code Market

    According to market analysts, worldwide QR code payment volumes are expected to exceed $3 trillion in 2024 and over 2.2 billion users by 2025. This surge is being driven by the high smartphone penetration and increasing need of secure and contactless payments.

    Fizen’s payment solution is designed to capitalize on this growing trend. It enables users to scan QR codes and fund transactions with stablecoins, while merchants get instant fiat conversions — no volatility, no delay. Smartphone penetration and the growing need for secure, contactless payments are driving this surge.

    tether-invests-in-fizen-to-promote-global-stablecoin-adoption-and-financial-inclusion

    Tether and Fizen: A Shared Vision for Self-Custody and Financial Freedom

    According to Tether Chief Technical Officer Paolo Ardoino, the Fizen investment aligns with the company’s goal of supporting responsible and practical use cases for digital assets. Self-custodial payment systems are what is going to enable real world crypto adoption, particularly in places where financial institutions are either unreachable or untrustworthy, he conceded.

    By supporting companies like Fizen, Ardoino added, the company is assuaging the disconnect between blockchain creativity and actual financial needs in tangibility — a step that not only enhanced USDT’s status as the world’s most used stablecoin, but one that further fueled investor interest in expanding the capability of the world’s preeminent crypto.

    Leo Vu, CEO of Fizen, stated that while stablecoin infrastructure exists, user-friendly applications were lacking. Fizen bridges this gap by making crypto payments intuitive, allowing users to benefit without understanding blockchain.

    Tools like USDT will be instrumental in bringing financial inclusion to underserved populations, but the final barrier lies in making the experience effortless for both consumers and merchants.

    Tether’s Roadmap to Promote Mass Stablecoin Usage Without Compromising on Usability

    Tether and Fizen’s partnership is a step toward a more equitable global financial system. With Tether’s scale and Fizen’s focus on usability, they aim to transform stablecoins from speculative assets to everyday financial tools.

    As digital payments evolve, the focus on security, simplicity, and scalability remains key. If successful, this collaboration could inspire similar strategies in the fintech industry, creating a ripple effect across finance and crypto.

    Together, Tether and Fizen are paving the way for financial freedom with a user-friendly blockchain infrastructure.

    More News: Tether Expands USDT0 Stablecoin to Optimism and Unichain, Boosting Superchain Liquidity



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