Tether and RAK DAO partner to boost Bitcoin and stablecoin adoption in Ras Al Khaimah

Tether Operations Limited has announced a collaboration with RAK Digital Assets Oasis (RAK DAO) through a Memorandum of Understanding (MoU). This partnership aims to promote the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate in the UAE.

RAK DAO, as the world's first common law Free Zone for digital and virtual asset companies, is leading the region's efforts in Web3 innovation and economic growth. Together with RAK DAO, Tether will facilitate crypto payment adoption and develop blockchain-focused education programs.

Through its educational arm, Tether Edu, Tether will create initiatives covering various skill levels in Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and real-world crypto use cases. These initiatives will target individuals and local businesses to give them the knowledge and tools to grow and innovate.

Tether is proud to collaborate with RAK DAO to realize the promise of Bitcoin and blockchain technology in the region,

said Paolo Ardoino, CEO of Tether.

As home to the world’s first and only free zone dedicated to the proliferation of digital asset endeavors, Ras Al Khaimah is in a prime position to become the region’s leading hub of blockchain technology and innovation, and Tether is committed to working with RAK DAO to make this dream a reality.

Dr. Sameer Al Ansari, CEO of RAK DAO, highlighted the collaboration's significance in establishing RAK DAO as a global leader in blockchain innovation. By leveraging Bitcoin technology and cryptocurrencies, they aim to drive economic growth, foster financial inclusion, and position RAK DAO as a global leader in the digital economy.