Kem Secures $3M Investment from Tether, Plans USDT Integration
CryptoNewsTerminal Staff13 Aug, 2024
Kem Secures $3M Investment from Tether, Plans USDT Integration
Kem, a leading remittance and financial management platform, has received a strategic investment of $3 million from Tether, the issuer of the world's largest stablecoin by market capitalization. This investment will bolster Kem's efforts to onboard USDT onto its platform, enabling wider adoption of Tether's stablecoin within the Middle East region. Kem is renowned for its innovative approach to financial inclusivity, empowering customers with seamless money transfers, currency exchange, and a broad spectrum of financial services. By integrating USDT, Kem will expand its digital asset offerings, providing users with a stable and trusted cryptocurrency option for cross-border transactions and financial management. The strategic partnership between Kem and Tether marks a significant step towards the mainstream adoption of digital assets in the Middle East. With a shared vision of financial accessibility and innovation, both companies aim to leverage this investment to drive the growth and adoption of blockchain technology in the region.
