Tether’s investment allows the Fizen’s platform to put a stable coin into the hands of the unbanked.
Tether, the business behind the largest stablecoin USDT, has actually purchased a strategic stake in Fizen Limited to speed up stablecoin and self-custody services development.
The deal, announced on April 15, did not give out the financial terms of it but is in line with Tether’s broader goal of leveraging blockchain to create more financial access.
Boosting stablecoin payments
The statement investment is to help Fizen to scale up its blockchain base and to promote the interoperability of stablecoins between different networks, an individual said.
Leo Vu, Fizen Founder & CEO stated:
“Stablecoins like USD₮ will undoubtedly drive crypto payments and financial inclusion worldwide. The technology infrastructure is already in place, but we lack consumer-friendly applications with intuitive UI/UX to accelerate mass integration.“
Tether has said that the partnership will enable Fizen to offer a more user-friendly platform for stablecoin storage and trading. This method also gets rid of the usual hurdles, which include the necessity of demanding paperwork and limited access, most particularly to the unbanked.
The funding will also enable more stablecoin payments for merchants with QR code and card reader solutions that include level settlements. This removes the need for additional hardware or infrastructure, making crypto acceptance simple for merchants globally.
Tether CEO Paolo Ardoino on the partnership
Tether CEO Paolo Ardoino said the partnership is a testament to the company’s idea of putting digital currencies to work. He described Fizen’s route to financial independence as self-custody and simple Pay.
Tether investments
Fizen’s investment is in line with Tether’s intention to profit the company for the support of the crypto industry.
In the last 12 months, the issuer of the stablecoin has invested tens of millions of dollars in a variety of blockchain and traditional companies. The list of investments also includes Bitcoin mining business Bitdeer, media outlet Rumble, and Italian football club Juventus. The company has also, meanwhile, invested in agricultural business Adecagro and Italian production business Be Water.
Though growing, Tether still prioritizes its flagship USDT product. As of April 2025, USDT is still the most popular stablecoin globally with a market cap of $144 billion, according to crypto data site CryptoSlate.