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Tether Partners with RAK Digital Assets Oasis to Promote Bitcoin and Stablecoin Adoption
The USDT stablecoin issuer, Tether, has formed a strategic partnership with RAK Digital Assets Oasis (RAK DAO).
In a recent blog post, Tether announced the signing of a Memorandum of Understanding (MoU) with RAK DAO. This partnership aims to promote the use of Bitcoin (BTC) and stablecoin technologies in Ras Al Khaimah.
“Through our collaboration with RAK DAO, Tether will assist in the adoption of crypto payments within the region and develop blockchain-focused educational programs,” stated Tether in their announcement.
RAK DAO is dedicated to fostering web3 innovation and driving economic development in Ras Al Khaimah. With the help of Tether Edu, Tether’s educational division, the company plans to launch initiatives that cater to various skill levels. These programs will cover advanced topics such as Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and practical applications of cryptocurrency.
Earlier this month, Tether also revealed a collaboration with Chainalysis, a leading blockchain analytics firm, to implement a USDT transaction monitoring system.
This system will enable Tether to scrutinize large balance wallets and detect transactions potentially linked to illegal activities, terrorist financing, or attempts to evade international sanctions.
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