Tether (USDT) Collaborates with RAK DAO to Boost Bitcoin and Stablecoin Education in Ras Al Khaimah
Luisa Crawford May 14, 2024 12:01
Tether partners with RAK DAO to develop educational initiatives on Bitcoin and stablecoins in the Ras Al Khaimah region.
Tether Partners with RAK DAO for Blockchain Education
Tether Operations Limited, the biggest player in the digital asset industry, has announced a partnership with RAK Digital Assets Oasis (RAK DAO). The collaboration involves signing a Memorandum of Understanding (MoU) and marks the beginning of strategic initiatives to foster Bitcoin technology and stablecoin adoption in Ras Al Khaimah (RAK), the northernmost emirate in the United Arab Emirates.
Driving Crypto Adoption in the Region
As the first common law Free Zone focused on digital and virtual asset companies, RAK DAO is at the forefront of the region's efforts to promote Web3 innovation and stimulate economic growth in the emirate. Tether, in collaboration with RAK DAO, will facilitate crypto payment adoption in the region and design blockchain-focused education programs.
Tether Edu: A New Avenue for Digital Education
Through its recently launched educational arm, Tether Edu, Tether will develop initiatives for individuals of varying skill levels in cutting-edge fields such as Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and real-world use cases of crypto. Tether Edu is a global education initiative dedicated to fostering the accessibility of digital skills development while promoting self-development and self-realization.
Collaboration to Foster Innovation
RAK DAO has garnered attention from over 100 businesses to date. Consequently, Tether will collaborate extensively with RAK DAO on comprehensive initiatives designed to educate and empower local businesses, paving the way for growth and innovation. Paolo Ardoino, CEO of Tether, expressed the company's pride in collaborating with RAK DAO to leverage the potential of Bitcoin and blockchain technology in the region.
Positioning RAK DAO as a Global Leader
Dr. Sameer Al Ansari, CEO of RAK DAO, commented on the collaboration stating that the partnership with Tether marks a significant moment in RAK DAO's journey towards becoming a leading hub for blockchain innovation. By harnessing the power of 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.
Image source: Shutterstock