Tether announces investment in the cross-border financial platform LemFi
By: rootdata|2026/05/20 04:45:02
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According to official news, Tether announced an investment in the cross-border financial platform LemFi to promote the application of stablecoins in remittance scenarios in emerging markets and to expand the coverage of borderless financial infrastructure.
LemFi primarily serves cross-border users living and working in the UK, US, Canada, and Europe, providing financial services for remittances to Africa and Asia. Tether stated that this investment will support LemFi in introducing USD₮ as a settlement layer in major cross-border corridors, replacing the traditional multi-day settlement process of SWIFT, achieving lower costs and near-instant cross-border transfers.
Both parties also plan to further expand the stablecoin infrastructure, gradually integrating USD₮ into LemFi's broader product system to provide more stable, transparent, and convenient financial services.
Tether CEO Paolo Ardoino stated that the company hopes to promote global financial inclusion by supporting scalable financial solutions and believes that cross-border payments should focus more on speed, cost, and transparency.
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