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Tether partners with RAK DAO to advance crypto education and adoption in UAE

By: bigbull

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Tether partners with RAK ​​DAO
  • Tether partners with RAK ​​DAO to boost crypto adoption and education in the UAE.
  • The collaboration includes facilitating crypto payments and developing educational programs.
  • It aims to promote economic growth and establish RAK ​​DAO as a global blockchain hub.

tying ropeThe leading issuer of the USDT stablecoin has formed a strategic partnership with RAK ​​Digital Assets Oasis (RAK DAO) to promote its launch. Bitcoin and stablecoin technology in Ras Al Khaimah, UAE.

The collaboration, strengthened through the signing of a Memorandum of Understanding (MoU), is an important step towards promoting blockchain education and adoption in the region.

Tether is boosting crypto adoption in the UAE

Web3 will collaborate closely to facilitate the integration of cryptocurrency payments within the Tether region, in line with RAK ​​DAO’s mission to spur innovation and promote economic growth.

Additionally, the partnership will see the development of comprehensive educational programs through Tether Edu, catering to the needs of individuals at various proficiency levels. These initiatives will cover a spectrum of cutting-edge topics including Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and real-world cryptocurrency applications.

Tether CEO Paolo Ardoino expressed excitement about the collaboration, underscoring the transformative 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. Samir Al Ansari, CEO of RAK DAO, echoed Ardoino’s sentiments, highlighting the partnership as an important moment in RAK DAO’s journey towards becoming a leading blockchain innovation hub.

By harnessing the power of Bitcoin technology and cryptocurrency, RAK DAO aims to spur 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, which aims to provide protection against illegal activities associated with the stablecoin.

With Tether’s expertise in stablecoin issuance and RAK DAO’s dedication to blockchain innovation, this collaboration is set to significantly accelerate the adoption and understanding of cryptocurrency technology in the Ras Al Khaimah region of the UAE.

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