Tether Invests in LemFi to Expand USD₮ Remittances for 585 Million Users
Updated
Updated · tether.io · May 18
Tether Invests in LemFi to Expand USD₮ Remittances for 585 Million Users
1 articles · Updated · tether.io · May 18
Summary
Tether said it has invested in cross-border payments platform LemFi to speed adoption of USD₮-based remittances in emerging markets.
LemFi plans to use USD₮ as a settlement layer across key Africa and Asia corridors, replacing multi-day SWIFT chains with near-instant, lower-cost transfers.
The companies said the stablecoin infrastructure will extend across LemFi’s broader product suite, aiming to deliver more transparent and accessible services for migrants and families sending money home.
LemFi already serves millions of users moving funds between the UK, US, Canada and Europe and recipients in Africa and Asia, giving Tether a wider real-world payments channel.
Tether framed the deal as part of its push to bridge traditional finance and digital assets, citing a global user base of 585 million.
As Tether and LemFi build a new payment system for Africa, can global regulators keep pace with the systemic risks?
Are stablecoins poised to finally replace the decades-old SWIFT system for global payments after this deal?
How Tether’s USD₮ and LemFi Are Revolutionizing Cross-Border Payments for Millions in Emerging Markets
Overview
On May 18, 2026, Tether announced a strategic investment in LemFi, aiming to advance financial inclusion and broaden access to efficient, borderless financial systems. This partnership focuses on integrating Tether’s USD₮ stablecoin as a primary settlement layer across LemFi’s key corridors in Africa and Asia. By doing so, it seeks to revolutionize cross-border transactions, replacing traditional multi-day SWIFT processes with near-instant, low-cost settlements. The collaboration is designed to accelerate the adoption of stablecoin-powered solutions in emerging markets, making financial services more accessible and affordable for millions of people living and working internationally.