{"id":72725,"date":"2026-05-19T05:37:43","date_gmt":"2026-05-19T05:37:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-backs-lemfi-in-strategic-investment-to-supercharge-migrant-remittances\/"},"modified":"2026-05-19T05:37:43","modified_gmt":"2026-05-19T05:37:43","slug":"tether-backs-lemfi-in-strategic-investment-to-supercharge-migrant-remittances","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-backs-lemfi-in-strategic-investment-to-supercharge-migrant-remittances\/","title":{"rendered":"Tether Backs LemFi in Strategic Investment to Supercharge Migrant Remittances"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Tether invested in LemFi, a remittance app serving 30 countries, to integrate USDT for global payments.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CEO Paolo Ardoino notes this validates USDT for LemFi\u2019s 500,000 users, beating fiat in cost and speed.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Building on a 2023 $33M raise, LemFi will next embed USDT across its product lines to scale globally.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2> <span>Stablecoin<\/span> Behemoth Tether Invests in Remittance Platform LemFi<\/h2>\n<p> <span>Stablecoins<\/span> have become an alternative in activities where traditional finance, due to its constraints, fails to provide a quick and cheap alternative, such as remittances.<\/p>\n<p>Tether, issuer of <span>USDT<\/span>, the largest <span>stablecoin<\/span> in the <span>cryptocurrency<\/span> market, <a href=\"https:\/\/tether.io\/news\/tether-invests-in-lemfi-to-promote-stablecoin-powered-remittances-across-emerging-markets\/\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> on Monday that it has made an undisclosed investment in LemFi, short for Lemonade Finance, a migrant-focused remittance platform serving customers in 30 countries. The company provides transactional services to link families and communities across the UK, the US, Canada, and Europe, allowing workers to send money to their loved ones.<\/p>\n<p><\/p>\n<p>Tether\u2019s capital injection will help LemFi continue expanding the use of <span>stablecoins<\/span>, particularly <a href=\"https:\/\/buy.bitcoin.com\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a>, to power its business model and will include a broad implementation across LemFi\u2019s product lines to make it more efficient and faster.<\/p>\n<p>Per Tether\u2019s statements, this movement aims to support the company\u2019s mission to <strong>\u201cbridge the gap between traditional finance and digital assets,\u201d<\/strong> continuing to expand the support and adoption of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> as a true alternative to fiat services.<\/p>\n<p>Paolo Ardoino, CEO of Tether, highlighted the relevance of yet <a href=\"https:\/\/news.bitcoin.com\/tether-leads-14m-series-a-for-argentine-wallet\/\">another <\/a><a href=\"https:\/\/news.bitcoin.com\/stablecoin-issuer-tether-leads-25-million-funding-round-for-mobile-payment-startup-oobit\/\">investment<\/a> directed to building a financial network powered by <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>. <strong>\u201cOur investment in LemFi reflects our shared vision on how money moves across borders, prioritizing speed, cost, and transparency. By supporting LemFi\u2019s growth and innovation roadmap, we are helping bring the benefits of a stable digital asset to more people who rely on remittances in their daily lives,\u201d<\/strong> he declared.<\/p>\n<p>Ridwan Olalere, LemFi\u2019s co-founder and CEO, qualified the investment as a milestone for the company, validating his belief in a system that works equally well across borders. <strong>\u201cIntegrating <span>USDT<\/span> into our infrastructure brings us closer to that reality, enabling faster, cheaper, and more reliable financial services for the millions of people who depend on us every day,\u201d<\/strong> Olalere concluded.<\/p>\n<p>In 2023, LemFi raised $33 million in a Series A round led by Left Lane Capital. At that time, the company had already served over half a million customers, having officially launched in 2020.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/tether-backs-lemfi-in-strategic-investment-to-supercharge-migrant-remittances\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Tether invested in LemFi, a remittance app serving 30 countries, to integrate USDT for global payments. CEO Paolo Ardoino notes this validates USDT for LemFi\u2019s 500,000 users, beating fiat in cost and speed. Building on a 2023 $33M raise, LemFi will next embed USDT across its [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":72726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72725"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72725"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72726"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}