Tether, the issuer of the USDT stablecoin, has invested in Fizen Limited. Finzen is a fintech company that focuses on self-custody crypto wallets and digital payments.
The investment will support Fizen’s development of solutions that allow stablecoin transactions for consumers and businesses.
Tether to Address Financial Inclusion Through Stablecoin Technology
As outlined in the announcement, Fizen uses payment technologies to facilitate stablecoin transactions and incorporate crypto use cases into day-to-day actions.
The partnership is looking to counter the issues identified in the World Bank’s Global Findex Report on the many millions of people around the world who do not currently have access to bank accounts, because of issues with the distance they are from financial institutions and documentation that is required to open a bank account.
The partnership between Tether and Fizen intends to provide a bridge between cryptocurrency and traditional payments. This will allow individuals to pay using their stablecoins like USDT while merchants receive fiat settlements via payments through a QR code, card reader, or existing financial services. USDT coin has a market cap of $144.5 billion and currently trades at a price of $0.9998.
Stablecoins like USDT have better stability and maintain their peg even with cryptocurrencies that have high volatility. Check out our USDT April 2025 price prediction to understand how the stablecoin could likely perform.
The investment will allow Fizen to improve its blockchain capabilities and allow the integration of stablecoins across multiple blockchain ecosystems. According to the announcement, users will gain access to more efficient ways to store, transfer, and transact using stablecoins without facing restricted access or complicated documentation requirements.
Tether’s CEO Paolo Ardoino highlighted the importance of the investment. He stated, “Tether’s 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.” He added that Tether recognizes the important role of self-custodial payment infrastructure in driving real-world use cases.
The World Bank’s Global Findex Report identifies key barriers that prevent millions from accessing traditional banking services. Particularly, this includes physical distance to financial institutions and documentation requirements.
Nevertheless, stablecoins are not without their difficulties in real-world applications for commerce. Fizen believes they can resolve these issues by enabling users to pay with stablecoins while permitting merchants to receive fiat settlements through established payment rails like QR codes and card readers.
The Fizen approach does away with the need for extra infrastructure. In several market forecasts referenced in the release, QR code payments expect to surpass $3 trillion and have 2.2 billion users by 2025, with increased smartphone adoption and convenience in making digital transactions fueling this growth substantially. Notably, the announcement for the partnership follows Tether’s USDT being approved as a legal cryptocurrency last month in Thailand.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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