Tether Strategically Invests in Fizen to Enhance Global Stablecoin Use and Self-Custody Solutions
On April 15, Tether announced a strategic investment in Fizen Limited, a fintech company focused on self-hosted crypto wallets and digital payments. The investment underscores Tether’s commitment to supporting innovative solutions that enhance financial accessibility and security in the digital asset ecosystem.
Fizen provides advanced payment technology that facilitates seamless stablecoin transactions and makes digital assets more accessible to consumers and businesses. It is one of the crypto companies that brings real value to consumers and businesses, bringing practical crypto usage scenarios to life.
The World Bank’s Global Financial Inclusion Report shows that millions of people around the world are still unbanked. This segment of the population commonly cites the distance to the nearest financial institution and the lack of necessary documentation requirements as the main reasons why they are unable to access traditional banking services.
The investment will enable Fizen to enhance its blockchain capabilities and facilitate the seamless integration of stablecoins across multiple blockchain ecosystems. It will also provide users with a more efficient and user-friendly solution for storing, transferring and transacting with stablecoins, eliminating access restrictions or complex documentation requirements.