Tether has reached a partnership with Shiga to launch self-custody financial products aimed at Africa and the Gulf Cooperation Council region

According to official news, Tether announced a partnership with the fintech company Shiga to utilize its open-source Wallet Development Kit (WDK) to launch self-custody financial products for individuals and institutions in Africa and the Gulf Cooperation Council (GCC) region.

The two parties will launch two core products: the self-custody wallet ENTA for individuals and businesses, which supports deposits in fiat currency or Bitcoin, and holds and transfers Tether (USDT), Bitcoin, and Tether Gold (XAUT); and the infrastructure Pulse for banks and financial institutions, aimed at assisting institutions in customizing digital asset services for specific payment channels and fund settlement processes, and supporting institutions in deploying in a private environment to retain key control.

In addition, Shiga is currently completing the final approval process for the digital asset license in Nigeria, and once approved, will conduct compliant digital asset trading, brokerage, and custody services in the country.