- Tether partners with RAK DAO to promote cryptocurrency adoption and education in the UAE.
- The collaboration includes promoting cryptocurrency payments and developing educational programs.
- The goal is to promote economic growth and establish RAK DAO as a global blockchain hub.
Tether, the pioneering issuer of the USDT stablecoin, has entered into a strategic partnership with RAK Digital Assets Oasis (RAK DAO) to strengthen the adoption of Bitcoin and stablecoin technology in Ras Al Khaimah, UAE.
This collaboration, further solidified through the signing of a Memorandum of Understanding (MoU), marks a significant step forward towards promoting blockchain education and adoption in the region.
Tether Leads Crypto Adoption in UAE
In line with RAK DAO’s mission to foster web3 innovation and foster economic growth, Tether will work closely to drive cryptocurrency payment integration in the region.
Additionally, this partnership will see the development of comprehensive educational programs targeting individuals at various skill levels through Tether Edu. These initiatives will cover a variety of cutting-edge topics including Bitcoin, blockchain, peer-to-peer technology, stablecoin adoption, and real-world cryptocurrency applications.
Paolo Ardoino, CEO of Tether, expressed enthusiasm for the collaboration, highlighting the innovative potential of Bitcoin and blockchain technology in the region. He emphasized Tether’s commitment to working with RAK DAO to realize this vision.
RAK DAO’s vision for blockchain innovation
Dr. Sameer Al Ansari, CEO of RAK DAO, echoed Ardoino’s sentiments and emphasized that this partnership is a pivotal moment in RAK DAO’s journey to become a leading blockchain innovation center.
RAK DAO aims to leverage Bitcoin technology and the power of cryptocurrency to fuel economic growth, promote financial inclusion, and solidify its position as a global leader in the digital economy.
This partnership comes amid Tether’s recent announcement regarding the implementation of a robust transaction monitoring system for USDT to protect against illegal activities related to the stablecoin.
Building on Tether’s expertise in stablecoin issuance and RAK DAO’s commitment to blockchain innovation, this collaboration is poised to significantly accelerate the adoption and uptake of cryptocurrency technology in the Ras Al Khaimah region of the UAE.