Stablecoins Replace SWIFT! Tether Announces Investment in Payment Platform LemFi, USDT Breaks Into Asia-Africa Cross-Border Remittance Market

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[Core Summary] Disrupting the slow remittance of traditional banks like SWIFT! Stablecoin leader Tether announced today (18th) a major investment in cross-border payment platform LemFi, preparing to turn USDT directly into the underlying settlement network for international remittances. In the future, millions of cross-border workers traveling between Europe, America, Africa, and Asia will be able to enjoy a "near-instant and low-cost" borderless remittance experience. Tether CEO proclaimed: Our goal is financial inclusion, solving the real pain points of 585 million users worldwide! Reported by BlockTempo. (Previous coverage: Crushing Google models! Tether launches "mobile-runnable" medical AI QVAC MedPsy, disconnecting from the cloud to break privacy pain points) (Background supplement: Stablecoin hegemon Tether earned a massive $1.04 billion in Q1! Excess reserves soared to a record high of $8.23 billion, firmly ranking as the world's 17th largest holder of US Treasury bonds) Announcing a strategic investment in the well-known cross-border financial platform LemFi. The practical application of stablecoins in the real economy has reached another major milestone! Tether, the world's largest digital asset issuer and the parent company behind the USDT stablecoin, officially announced this powerful partnership today (18th), aiming to accelerate the adoption of stablecoin solutions in "emerging markets" and promote the efficiency and inclusivity of a borderless financial system. USDT becomes the underlying settlement, phasing out the slow SWIFT LemFi is a financial platform built for millions of people living and working across borders, primarily dedicated to connecting communities in the UK, US, Canada, and Europe, allowing them to seamlessly send funds back to their families in Africa and Asia. For many migrant workers and immigrants who are shut out of the traditional banking system, LemFi has become an indispensable "financial home." Through Tether's capital injection and technical support, the collaboration between the two parties will bring revolutionary changes: - Replacing the SWIFT network: LemFi will integrate USDT as the "settlement layer" for its key remittance corridors, directly replacing the traditional SWIFT system that takes days and incurs high fees. - Instant and low-cost: Capital flows from Europe and America to Asia and Africa will achieve "near-instant" and extremely low-cost settlement efficiency. - Infrastructure upgrade: Tether will assist LemFi in accelerating the construction of its stablecoin infrastructure and gradually expanding it into a broader range of financial product lines. Tether CEO: Committed to solving the real needs of 585 million users worldwide Tether CEO Paolo Ardoino spoke highly of this partnership, pointing out that this investment perfectly aligns with Tether's grand vision of bridging the gap between traditional finance and digital assets. Ardoino emphasized: "At Tether, our goal is to promote financial inclusion. We are committed to partnering with platforms that build scalable financial solutions and can address the real needs of our 585 million users worldwide. By supporting LemFi's growth and innovation roadmap, we are bringing the benefits of stable digital assets to more people who rely heavily on cross-border remittances in their daily lives." LemFi CEO and co-founder Ridwan Olalere also excitedly stated that Tether's investment is a major milestone and a validation of their direction: "We have always believed that the financial system should work fairly for everyone, regardless of where they live or where they send money. Integrating USDT into our infrastructure brings us one step closer to this reality."

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