- Tether announced a strategic $1.5 million investment in Sorted Wallet on September 19.
- Sorted Wallet will use the funding to expand its services across Africa and Southeast Asia.
- Tether is the company behind USDT, one of the world’s leading stablecoins.
Tether invested $1.5 million in Sorted Wallet, a digital wallet platform focused on driving crypto adoption in emerging markets. In an announcement on Thursday, September 19, Tether said the strategic investment aims to increase access to financial services across Africa and South Asia. “This investment underscores Tether’s commitment to improving financial inclusion and economic empowerment in underbanked regions,” said Paolo Ardoino, CEO of Tether.
Financial Inclusion
According to Tether’s CEO, the investment in Sorted Wallet will help onboard more people using basic mobile phones into the crypto space. That support will unlock new opportunities, allowing a broader group of users to integrate digital-asset ecosystems into their local financial lives. Many of these individuals are unbanked in emerging markets and stand to benefit significantly from improved access to financial services. “Our goal is to ensure that everyone—regardless of location or phone type—can safely manage and use digital currency, enabling them to build a more secure financial future and participate in the rapidly evolving digital economy,” the executive added.
Sorted Wallet Plans for Expansion
Sorted Wallet is a non-custodial wallet designed to let users participate in digital asset finance using feature phones or low-power smartphones. Tether’s $1.5 million investment will support Sorted Wallet’s expansion efforts throughout Africa and Southeast Asia. As the issuer of USDT, the world’s largest stablecoin by market presence, Tether plays a significant role in the digital currency space. The company has promoted stablecoin adoption globally through a range of initiatives. In recent months, Tether has partnered with various platforms and institutions to support blockchain and crypto adoption through educational and strategic programs.