Tether Invests in LemFi to Settle Remittances via USDT
Tether has invested in LemFi, a financial technology company that transfers money from Europe and the Americas to Africa and Asia. The investment was announced on 18 May 2026. LemFi operates payment corridors between Europe, the Americas, Africa, and Asia.
USDT replaces multi-day SWIFT bank transfersThe partnership will integrate USDT — a stablecoin, meaning a digital currency pegged to the US dollar — as a settlement layer across LemFi's payment corridors. SWIFT is an international banking network. Transfers through SWIFT can take several days to complete. LemFi and Tether aim to replace that process with near-instant, low-cost USDT settlement. No concrete deployment date has been confirmed by either party.
"Our investment in LemFi illustrates our common vision on how money traverses borders, emphasizing speed, cost-effectiveness, and transparency. By supporting LemFi's growth and innovation strategy, we aim to extend the advantages of a stable digital asset to a broader audience that relies on remittances in their daily lives.", 18 May 2026. — Paolo Ardoino, CEO, Tether
Tether recorded $1.04 billion profit in Q1 2026Tether reported a net profit of $1.04 billion for the first quarter of 2026. The company holds $8.23 billion in excess reserves — the amount of assets held above total liabilities. Total assets reached $191.77 billion against $183.54 billion in liabilities. These figures come from a Q1 2026 attestation certified by BDO, an independent auditing firm, published on 30 April 2026.
LemFi co-founder confirms infrastructure integration planLemFi co-founder Ridwan Olalere confirmed the company will integrate USDT into its core payment infrastructure.
"Tether's investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.", 18 May 2026. — Ridwan Olalere, CEO & Co-founder, LemFi
Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. The partnership will integrate USDT — a stablecoin, meaning a digital currency pegged to the US dollar — as a settlement layer across LemFi's payment corridors. SWIFT is an international banking network. Transfers through SWIFT can take several days to complete. LemFi and Tether aim to replace that process with near-instant, low-cost USDT settlement. No concrete deployment date has been confirmed by either party.
"Our investment in LemFi illustrates our common vision on how money traverses borders, emphasizing speed, cost-effectiveness, and transparency. By supporting LemFi's growth and innovation strategy, we aim to extend the advantages of a stable digital asset to a broader audience that relies on remittances in their daily lives.", 18 May 2026. — Paolo Ardoino, CEO, Tether
Tether recorded $1.04 billion profit in Q1 2026Tether reported a net profit of $1.04 billion for the first quarter of 2026. The company holds $8.23 billion in excess reserves — the amount of assets held above total liabilities. Total assets reached $191.77 billion against $183.54 billion in liabilities. These figures come from a Q1 2026 attestation certified by BDO, an independent auditing firm, published on 30 April 2026.
LemFi co-founder confirms infrastructure integration planLemFi co-founder Ridwan Olalere confirmed the company will integrate USDT into its core payment infrastructure.
"Tether's investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.", 18 May 2026. — Ridwan Olalere, CEO & Co-founder, LemFi
Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. "Our investment in LemFi illustrates our common vision on how money traverses borders, emphasizing speed, cost-effectiveness, and transparency. By supporting LemFi's growth and innovation strategy, we aim to extend the advantages of a stable digital asset to a broader audience that relies on remittances in their daily lives.", 18 May 2026. — Paolo Ardoino, CEO, Tether
Tether recorded $1.04 billion profit in Q1 2026Tether reported a net profit of $1.04 billion for the first quarter of 2026. The company holds $8.23 billion in excess reserves — the amount of assets held above total liabilities. Total assets reached $191.77 billion against $183.54 billion in liabilities. These figures come from a Q1 2026 attestation certified by BDO, an independent auditing firm, published on 30 April 2026.
LemFi co-founder confirms infrastructure integration planLemFi co-founder Ridwan Olalere confirmed the company will integrate USDT into its core payment infrastructure.
"Tether's investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.", 18 May 2026. — Ridwan Olalere, CEO & Co-founder, LemFi
Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. Tether recorded $1.04 billion profit in Q1 2026Tether reported a net profit of $1.04 billion for the first quarter of 2026. The company holds $8.23 billion in excess reserves — the amount of assets held above total liabilities. Total assets reached $191.77 billion against $183.54 billion in liabilities. These figures come from a Q1 2026 attestation certified by BDO, an independent auditing firm, published on 30 April 2026.
LemFi co-founder confirms infrastructure integration planLemFi co-founder Ridwan Olalere confirmed the company will integrate USDT into its core payment infrastructure.
"Tether's investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.", 18 May 2026. — Ridwan Olalere, CEO & Co-founder, LemFi
Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. Tether reported a net profit of $1.04 billion for the first quarter of 2026. The company holds $8.23 billion in excess reserves — the amount of assets held above total liabilities. Total assets reached $191.77 billion against $183.54 billion in liabilities. These figures come from a Q1 2026 attestation certified by BDO, an independent auditing firm, published on 30 April 2026.
LemFi co-founder confirms infrastructure integration planLemFi co-founder Ridwan Olalere confirmed the company will integrate USDT into its core payment infrastructure.
"Tether's investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.", 18 May 2026. — Ridwan Olalere, CEO & Co-founder, LemFi
Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. LemFi co-founder Ridwan Olalere confirmed the company will integrate USDT into its core payment infrastructure.
"Tether's investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.", 18 May 2026. — Ridwan Olalere, CEO & Co-founder, LemFi
Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. "Tether's investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.", 18 May 2026. — Ridwan Olalere, CEO & Co-founder, LemFi
Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. Both quotes are drawn from Tether's official press release published on tether.io on 18 May 2026. The investment amount was not disclosed by either party. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.