It collaborates with RAK DAO to promote crypto education and adoption in the UAE.
It collaborates with RAK DAO to promote crypto adoption and education in the UAE. The collaboration includes facilitating crypto payments and developing educational programs. Its aim is to promote economic growth and establish RAK DAO as a global blockchain hub.
USDT stablecoin pioneer Tether has formed a strategic partnership with RAK Digital Assets Oasis (RAK DAO) to introduce Bitcoin and stablecoin technology in Ras Al Khaimah, United Arab Emirates.
The collaboration, cemented by the signing of a Memorandum of Understanding (MoU), is a major step forward in promoting blockchain education and adoption in the region.
Driving crypto adoption in the UAE
In line with the RAK DAO's mission to promote Web3 innovation and spur economic growth, Tether will closely collaborate to coordinate cryptocurrency payments in the region.
The collaboration also aims to develop comprehensive educational programs through Teter Edu for individuals of various skill levels. These initiatives cover a wide range of topics, including Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and real-world cryptographic applications.
Tether CEO Paolo Arduino expressed his enthusiasm about the collaboration, highlighting 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. Samer Al Ansari, CEO of RAK DAO, echoed Arduino's proposal, describing the partnership as significant in RAK DAO's journey to become a leading blockchain innovation hub.
By harnessing the power of Bitcoin technology and cryptocurrencies, RAK DAO aims to drive economic growth, enhance financial inclusion and strengthen its position as a global leader in the digital economy.
This partnership comes in the wake of Tether's recent announcement regarding the implementation of a robust transaction control system for USDT intended to prevent illegal activities related to the cryptocurrency.
With Tether's prowess in the release of Stablecoin and RAK DAO's commitment to blockchain innovation, this partnership is set to dramatically accelerate the adoption and awareness of cryptocurrency technology in the UAE's Ras Al Khaimah region.
