Tether (USDT) is set to expand to Africa a lot more. Nigeria is just the beginning. Looks like Tether would fully comply and come up with a full audit very soon. Thus, clearing doubts about Tether becoming illegal at a point in time. Tether spreading is very big. They continue to be building beyond the Tether FUD and naysayers.

Basic FUD about Tether

Basic FUD about Tether is that it is backed 1:1 with the USD? @66 Billion USDT circulation supply, if it’s backed 1:1. Then show us we’re is this 66B? What 3rd party does your audits? These questions are basic But yet unanswered. Transparency is Key to Decentralization.

Regardless of doubts about decentralization, Tether is still stable and dependable. It is making good progress.

User 1:  I am an open internet advocate, a blockchain entrepreneur and a businesswoman. It is a no brainer. Why I choose Tether? Because of the stability and the liquidity that it presents. Tether has helped my business grow because it allows me move and convert money from crypto to fiat.  I also accept Tether Payment in store because it is easy to convert.

User 2: Tether is actually backed by the US Dollar and I use it quite often. Yes we love Tether as it enables us get value for the services we render. Given that Nigeria is a very peculiar country, inflation things rising keeps going up and down saving in Tether has been one thing we are happy and we are glad about because it just helps us beat the entire Nigeria Inflation. And, gives us more value for our money.

User 3:  In my crypto journey, I’ve been exposed to numerous opportunities in which Tether is one of them. And, since I began using Tether, I have been able to send and receive money very efficiently and conveniently. When it comes to Tether, I can easily do my transactions within short period of time and even accessibility in terms of if I need money now within few minutes, I can do my transactions and go my way.

User 4: Tether makes my life much more easier because it makes me transact anywhere globally much more easier and faster with lower fees, better than transfers done at traditional banks and financial institutions.

User 5:  Honestly, I love to spend Tether online and love to make online payments in Tether.

For instance, At Technomy Africa, there are 16K + users transacting using Tether.  TechonomyAfrica serves as an Ed-tech platform and information highway for African millenials and Genz. They claim to be the Coindesk of Africa.