The largest stablecoin issuer, Tether has entered into a Memorandum of Understanding (MoU) with Reelly Tech, a renowned B2B real estate platform in UAE. Tether confirmed the development in a blog post today, stating that the partnership would bring digital assets closer to the real estate industry in the UAE.
According to the MoU, over 30,000 local and international agents on the Reelly Tech platform will be educated on how to leverage the unique power of USDT. In addition, a comprehensive interactive educational series will be developed and promoted on the platform.
It is worth noting that this collaborative effort between Tether and Reelly Tech is a unique one. As revealed, Tether plans to expose real estate agents to the transformative potential of exploring stablecoins in property transactions. The stablecoin issuer also intends to help investors understand the various practical applications of digital assets such as USDT transfers for real estate purchases.
Tether CEO gives more insight on the partnership
The CEO of Tether, Paolo Ardoino expressed his enthusiasm while giving insight on the partnership. According to him, collaborating with Reelly Tech would drive blockchain adoption in the region’s rapidly growing real estate ecosystem. He mentioned that both partners are working on streamlining real estate transactions, promoting sustainable growth while setting new benchmarks for innovation in the UAE.
Ardoino described UAE as the ideal hub for driving stablecoin advancement. According to the exec, the region is well-known for its advanced standpoint on technology and leadership role in digital assets adoption. He added that partnership also aligns with Tether’s goal of empowering individuals and businesses with the tools needed to flourish in the digital asset ecosystem.
The CEO of Reelly Tech, Vitaliy Ryzhak also reacted to the development, stating that the training program is merely the initial phase of the partnership. Ryzhak stated that the real estate company plans to make international real estate investment safe, seamless and efficient. He added that UAE real estate market is evolutionalizing, attracting large amount of capital from around the world.
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