Tether Invests in LemFi to Expand Stablecoin Remittances in Emerging Markets

KuCoinFlash

Release Time: 05/18/2026 12:17:41

USDT

----

Summary

On-chain news reports that on May 18, Tether announced an investment in the cross-border financial platform LemFi to increase stablecoin adoption for remittances in emerging markets and expand borderless financial infrastructure. LemFi serves users in the UK, US, Canada, and Europe sending funds to Africa and Asia. Tether stated that the investment will enable LemFi to adopt USD₮ as a settlement layer across key cross-border channels, replacing traditional SWIFT processes with lower-cost, near-instant transfers. Both companies plan to integrate USD₮ into LemFi’s product ecosystem to deliver more stable and transparent financial services. Tether CEO Paolo Ardoino emphasized that scalable solutions are essential for global financial inclusion, noting that cross-border payments require speed, cost efficiency, and transparency. Crypto news continues to highlight Tether’s growing role in transforming remittance systems.

BlockBeats news, on May 18, Tether announced an investment in the cross-border financial platform LemFi to promote the use of stablecoins in remittance scenarios in emerging markets and expand the reach of borderless financial infrastructure.

LemFi primarily serves cross-border users living and working in the UK, US, Canada, and Europe, providing financial services for remittances to Africa and Asia. Tether stated that this investment will enable LemFi to introduce USD₮ as a settlement layer on key cross-border corridors, replacing the traditional SWIFT multi-day settlement process to enable lower-cost, near-instant cross-border transfers.

Both parties also plan to further expand the stablecoin infrastructure by gradually integrating USD₮ into LemFi’s broader product ecosystem to provide more stable, transparent, and convenient financial services.

Tether CEO Paolo Ardoino stated that the company aims to advance global financial inclusion by supporting scalable financial solutions and believes cross-border payments should place greater emphasis on speed, cost, and transparency.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.