Telegram to allow Tether payments 🪙; State Street explores the acquisition of Societe Generale's custody arm 👀

FinTech is Eating the World, 19 April

Hey Everyone,

Good morning! We’re finishing off another massive FinTech week on Saturday but it’s for sure worth the wait. Today we’re going to look at Telegram that’s about to launch Tether payments (why it makes sense, a quick look at Telegaram’s insane numbers + a deeper dive into why messaging & crypto/payments are so interesting), and State Street that’s exploring the acquisition of SocGen’s custody arm (what it tells us + a look into some FinTech M&A predictions for 2024 & some extra resources). Let’s jump straight into the cool stuff 🌶

Telegram to allow Tether payments 🪙

The news 🗞️ Crypto firm Tether, the issuer of the world's most widely used stablecoin USDT, has partnered with Telegram to enable USDT payments on the popular encrypted messaging platform. The integration aims to provide Telegram's ~1 billion users with a seamless and efficient way to send money using the stablecoin.

Let’s take a look at this and see why the merge of cryptocurrency and messaging makes sense.