Thursday, November 7, 2024
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Tether expands reach in Georgia through investment in CityPay.io

​​Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the country.Tether expands its presence in Georgia We have invested in https://t.co/14g9wt7PCC, a leading local payment

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USDT Issuer Tether Invests in Georgia Payment Processor CityPay.io

Stablecoins are a key piece of plumbing in the crypto ecosystem, bridging government-issued currencies and facilitating trading. Issuers are increasingly boosting stablecoins as a means for payments and remittances, especially in the developing world. Recently, Bitcoin-based payments app Strike integrated USDT as part of its global expansion to 65 countries.

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