Tether StableCoin Tether has provided USDT payments for real estate transactions in the United Arab Emirates (United Arab Emirates).
As part of a recent partnership with the United Arab Emirates real estate platform, it will provide this step more The February 6 Declaration said.
The CEO of Tether Paolo Ardoino praised the “gradual position of technology” of the local regulator and describing the current offer as an opportunity “to simplify real estate transactions, enhance sustainable growth, and set new standards for innovation in the region.”
The real estate market in Dubai is currently flourishing, according to the version, and the planned sales of more than 27 % increased in 2024.
By the end of the year, the market value reached 283 billion dirhams.
Relaly saves in this market by offering an artificial platform that works with intelligence that connects real estate agents throughout the United Arab Emirates.
Moreover, it provides in -depth project analysis, presentations driven by artificial intelligence, tracking the performance of agents, and industry visions.
To support the shift towards real estate transactions that depend on Stablecoin, Tether and Reelly are also offered an educational initiative.
This interactive series hosts on the Reellel platform hosts how to deal with USDT payments safely and efficiently, with the aim of enhancing adoption and confidence in coding real estate sales.
Reelly Vitaliy Ryzhak CEO has alluded to larger partnership plans. “We just started,” adding: “
We aim to make international real estate investment safe, effective and easy. To do this, we plan to create tools to open new opportunities to use USDT in real estate transactions.
The expansion of the United Arab Emirates
Tether has already strengthened its place in the stable market in the United Arab Emirates.
Usdt was recognized as a hypothetical asset acceptable by the Financial Services Regulatory Authority in the Abu Dhabi International Market in December 2024.
As such, financial service providers can authorize USDT in organized financial systems.
Plan to present Dirham-PEGGD Stablecoin also works according to the Tether advertisement last year in August.
The new Stablecoin will be developed in partnership with many companies based on the United Arab Emirates, including Phoenix Group Plc and Green Acorn Investments Ltd.
Tether has also paved a partnership with RAS Al Khaimah Digital Assets Oasis, a free zone specialized in the United Arab Emirates that offers a business friendly environment specifically designed for Web3 companies, Blockchain companies, virtual asset service providers (VASPS), and Fintech companies.
Through her tether EDU, to enhance Web3 adoption by educating the local population regarding bitcoin technology and Stablecoin all over the RAS Al Khaimah area.
Usdt is currently the largest stablecoin in terms of the maximum market and transactions.
When writing, the market ceiling reached more than $ 141 billion and a daily trading volume of about $ 100 billion.
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