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Tether and Gnosis participate in $4.4 million seed round for Sorted Wallet.
Sorted Wallet raised $4.4 million, with Tether and Gnosis leading a $3.4 million equity investment.
KEY POINTS
- Sorted Wallet's app is only 10MB, enabling use on feature phones common in Africa and South Asia.
- The wallet has surpassed 500,000 downloads, with its fastest growth in Nigeria, Kenya, Tanzania, Bangladesh, and Madagascar.
- Tether and Gnosis see Sorted Wallet as key to expanding stablecoin payments where smartphones and banking access are limited.
- Tether recently invested in LemFi to integrate USDT into remittance rails for African and Asian payment corridors.
COMPANIES
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