Tether has announced its partnership with RAK Digital Assets Oasis (RAK DAO) through the signing of a groundbreaking Memorandum of Understanding (MoU). Together, these two innovative organizations will work towards introducing the game-changing technology of Bitcoin (BTC) and stablecoins to the vibrant city of Ras Al Khaimah.
“In collaboration with RAK DAO, Tether will help facilitate crypto payment adoption in the region and design blockchain-focused education programs.”
Tether announcement
The dynamic world of web3 innovation and economic prosperity with RAK DAO. As pioneers in the field, we are dedicated to driving growth in the emirate.
Our educational branch, Tether Edu, is leading the charge by creating groundbreaking initiatives for individuals of all levels. From Bitcoin to blockchain, peer-to-peer technologies to stablecoin adoption, and real-life cryptocurrency applications, we’ve got you covered.
“Tether is proud to collaborate with RAK DAO to realize the promise of Bitcoin and blockchain technology in the region.”
Paolo Ardoino, CEO of Tether
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The dynamic Dr. Sameer Al Ansari, CEO of RAK DAO, has announced a game-changing partnership with Tether. This groundbreaking collaboration signals a major milestone in RAK DAO’s quest to establish itself as a trailblazing hub for blockchain innovation.
“By harnessing the power of Bitcoin technology and cryptocurrencies, we aim to drive economic growth, foster financial inclusion, and position RAK DAO as a global leader in the digital economy.”
Dr. Sameer Al Ansari, CEO of RAK DAO
In a groundbreaking move, the company has joined forces with Chainalysis, a top blockchain analytics firm, to launch a cutting-edge USDT transaction monitoring system.
This powerful tool will allow Tether to closely monitor activity on high-value wallets and flag any suspicious transactions that could be linked to criminal or terrorist activities, or used to evade international sanctions.