Tether and CityPay | Investment $10 million

8 May 2024 – Tether Operations Limited, the largest company in the digital asset industry, announced today that it will bolster its presence across Eastern Europe with an additional investment into CityPay.io. This leading payment processing company is active in more than 2000 locations across Georgia. The injection of funding follows Tether’s 2023 investment into CityPay.io, when it became the first stablecoin to invest in the Georgia-based payment solutions provider.

Tether’s investment will significantly bolster CityPay.io’s expansion into Eastern Europe. Focused primarily on countries including Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan, this expansion targets vibrant emerging markets with significant growing use of payment technologies and cryptocurrencies. 

Tether Operations Limited, the largest company in the digital asset industry, offers customers a range of products, including the most famous stable cryptocurrency USDt.

CityPay.io offers customers and businesses a seamless payment experience, enabling them to pay with cryptocurrency at establishments such as Radisson Hotels. Over the next two years, CityPay.io plans to unveil pioneering e-wallet and card solutions,  poised to captivate a user base exceeding 400,000 users. The company also intends to establish more than 500,000 crypto payment points throughout the designated expansion regions.