Stablecoin issuer Tether has joined hands with the United Nations Office on Drugs and Crime (UNODC) in a strategic partnership to bolster crypto security across Africa. The initiative comes as USDT adoption grows in Nigeria, where the stablecoin’s convenience and dollar peg are increasingly used for remittances and everyday transactions.
The collaboration will leverage blockchain and other advanced technologies to counter cybercrime and provide support for victims, with a focus on protecting crypto investors. Tether CEO Paolo Ardoino stated, ‘Supporting victims of human trafficking and helping prevent exploitation requires coordinated action across sectors.’ Through our collaboration with the United Nations Office on Drugs and Crime, we’re backing initiatives that combine innovation and education to empower communities and help create safer, more inclusive opportunities for those who need them most.’ UNODC’s Regional Representative, Sylvie Bertrand, added, ‘Through this collaboration, we can advance digital inclusion, strengthen digital skills and youth employability, promote secure and transparent digital ecosystems, and harness innovation to prevent organized crime while fostering sustainable and inclusive economic growth.’
An X post from Tether underscored Nigeria as having one of the largest USDT user bases, reflecting the token’s role as a stable daily medium. The thread read, ‘In Nigeria, from remittances to daily survival, USD₮ has become part of everyday life.’ USDT is pegged to the US dollar, and the USDT price is currently at $0.9992737262460. For trading, storing, or converting to Naira, USDT provides an easy way, and Nigerians use the Tether token for daily activities like e-commerce spending and other everyday purchases.
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