Tether has signed a Memorandum of Understanding with Rak Digital Assets Oasis (RAK DAO) as part of a series of strategic initiatives to boost Bitcoin and cryptocurrency technology in this region of the United Arab Emirates.
Tether Limited, recognized for developing the market's leading stablecoin, has signed a Memorandum of Understanding with RAK Digital Assets Oasis, marking a significant milestone in the adoption of cryptocurrency and blockchain technologies in Ras Al Khaimah, the northernmost emirate of the United Arab Emirates Joined.
This agreement is the beginning of a series of strategic initiatives that seek promote the use of Bitcoin technology, cryptocurrencies and stablecoins in the region.
Through this collaboration, Tether commits to facilitate the adoption of cryptocurrency payments and to develop, through the Tether Edu initiative, new educational programs specialized in blockchain technology.
RAK DAO, being the first and only Common Law Free Zone focused on virtual and digital asset companies, is positioned as a powerhouse for Web3 innovation and economic growth in the emirate. With over 100 companies already interested in RAK DAO, Tether will work closely on comprehensive initiatives designed to educate and empower local businesses about Bitcoin and Blockchain, opening new avenues for growth and innovation.
RAK, a global oasis of digital assets
The collaboration between Tether and RAK DAO represents a significant step towards the adoption and development of blockchain technology in Ras Al Khaimah and potentially across the region.
With the backing of Tether, RAK DAO has the opportunity to establish a robust digital ecosystem that can foster innovation and attract investments.
This joint effort could transform the Ras Al Khaimah free zone into a attractive destination for startups and blockchain technology companies, thus boosting the local economy and positioning the region as a benchmark in the digital assets sector.
On the other hand, the integration of Bitcoin technology and other cryptocurrencies not only points to the economic expansion of the region, but also to promote financial inclusion, offering new opportunities for those who have traditionally been marginalized from the financial system. Furthermore, Tether said that the collaboration has the potential to establish RAK DAO as a pioneer in the adoption of advanced digital solutions, ushering in a new era in the global digital economy.
Tether Edu, an initiative to advance the digital education of cryptocurrencies
Tether Edu represents an admirable effort in democratizing access to digital education. With a focus on essential digital skills, this initiative It seeks not only to impart knowledge, but also to promote the personal and professional growth of people in new technologies.
Tether's coordination of cryptocurrency educational programs globally underscores the importance of a global perspective in the digital age. By providing an educational environment that adapts and evolves with industry trends, Tether Edu could become a catalyst for development of highly trained and adaptive professionals, prepared to face the challenges of the future.
From this initiative, Tether will coordinate and promote the realization of workshops, courses and master class programs focused on blockchain technology, Bitcoin and stablecoins, in order to encourage people to develop new digital skills. The platform will also provide a “smart educational environment” in collaboration with experts and pioneers in their respective fields, extending their educational efforts into the aforementioned areas. Additionally, Tether Edu will also coordinate the company's existing educational initiatives, including collaborations with the Digital Industry Academy in Georgia.
Paolo Ardoino, CEO of Tether, said that Tether Edu will be focused primarily on the emerging markets of Africa, Latin America, the Middle East, Europe, the Commonwealth of Independent States and Asia.
