Tether expands in UAE, partners with RAK DAO

Main Points:

  • Tether partners with RAK Digital Assets Oasis for Bitcoin and stablecoin initiatives in Ras Al Khaimah.
  • RAK DAO promotes web3 innovation and economic growth through educational initiatives.
  • Tether implements a transaction monitoring system with Chainalysis to track USDT activity.

Tether Partners with RAK Digital Assets Oasis

Tether has signed a Memorandum of Understanding with RAK Digital Assets Oasis to promote Bitcoin and stablecoin technology in Ras Al Khaimah. The collaboration aims to facilitate crypto payment adoption and design blockchain-focused education programs in the region.

RAK DAO Promotes Web3 Innovation

RAK DAO, through its educational arm Tether Edu, is driving web3 innovation and economic growth in Ras Al Khaimah. The partnership with Tether will focus on developing educational initiatives covering Bitcoin, blockchain, stablecoin adoption, and real-world cryptocurrency use cases.

Tether Implements Transaction Monitoring System

Recently, Tether announced a collaboration with Chainalysis to implement a transaction monitoring system for USDT activity. This system will analyze transactions in large balance wallets to identify potential illegal activity, terrorist financing, and attempts to circumvent international sanctions.

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