Largest stablecoin issuer, Tether has partnered with Reku, a cryptocurrency exchange firm in Indonesia to strengthen cryptocurrency adoption in the country. In a blog post today, Tether confirmed that the partnership would broaden Indonesian understanding of cryptocurrency assets and blockchain technology.
As stipulated in the partnership, the project will be implemented through an extensive roadshow across ten major cities in Indonesia. It is scheduled to run between September 2024 and March 2025 in major cities, including Bali, Medan, Yogyakarta, Surabaya, and Malang. It will also run in Padang, Palembang, Pekanbaru, Balikpapan while the the grand finale will take place in Jakarta.
Worth noting that the partnership between Tether and Reku also focuses on prioritizing educational activities within the country. With that, both parties will raise awareness on the benefits of blockchain, crypto assets, and peer-to-peer technologies. This effort ensures that Indonesians are empowered with the knowledge to make informed decisions when engaging with digital assets.
The CEO of Tether, Paolo Ardoino believes both partners share a common vision of advancing crypto literacy. He affirms the commitment of Tether to combine expertise with Reku to collectively promote knowledge on crypto assets and blockchain technology across Indonesia.
Similarly, the co-CEO of Reku, Jesse Choi also expressed pride in formalizing the partnership with Tether. He noted that the exchange aims to educate thousands of participants through the initiative. He hopes that more Indonesians will become familiar with crypto assets and blockchain technology after the roadshow campaign.
Meanwhile, this robust educational initiative is part of Tether plans to drive crypto adoption in emerging markets. A key component of this initiative is the newly established Tether EDU. It is dedicated to teaching individuals and communities about digital assets and their applications.
Tether partners Phoenix to launch new stablecoin
In August, Tether also partnered with Phoenix Group PLC to launch a Stablecoin pegged to the United Arab Emirates Dirham (AED). The newly launched stablecoin is backed by Liquid UAE-based reserves. Similarly, the firm sought approval from the Payment Token Services Regulation of the UAE Central Bank.
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