Finance

Tether invests in fintech firm LemFi to expand USDT remittances in emerging markets

Tether is investing in fintech platform LemFi to expand remittances in emerging markets. LemFi plans to introduce USDT into payment systems where it operates and replace parts of traditional interbank remittance processes with stablecoin and blockchain-based settlement. The companies aim to speed up cross-border transfers and reduce operating costs. Tether CEO Paolo Ardoino said the investment reflects a shared vision prioritising speed, cost and transparency in moving funds across borders.

Industry

Solar seen overtaking coal and gas as biggest power source by 2035

Solar power is expected to become the world’s largest source of electricity within the next decade, overtaking coal, oil and natural gas, a forecast said. BloombergNEF projects solar will be a core energy source in the global power market by 2035 on economics alone as costs keep falling. It also expects AI-driven data centre demand to spur new generation, with 24-hour power needs likely to slow a solar-led shift and keep gas and coal playing a role.