Tether's MoU in Promoting Crypto Freedom in Turkey
Economy Middle East
Hey folks.
In order to promote industry knowledge, Tether is increasing its presence in Turkey by partnering with a local crypto company.
On July 2, the company that issues the Tether USDT stablecoin stated that it had inked a memorandum of understanding (MoU) with the Turkish cryptocurrency platform to assess training programs pertaining to digital assets.
The development of programs will be evaluated by Tether as part of the agreement to introduce private and public stakeholders in the country to the advantages of crypto and blockchain technology.
The MoU also intends to advance peer-to-peer (P2P) technology by facilitating communication amongst financial institutions in the nation through connections of local crypto platform.
Tether and the local crypto platform will also assess regional payment network scenarios and look into actual asset tokenization use cases for banks.
According to Paolo Ardoino, CEO of Tether, the local platform and Tether are dedicated to advancing the revolutionary potential of P2P technologies and digital assets.
Ardoino shared:
This MOU has the potential to provide a solid foundation for the responsible and informed use of digital assets. We are excited to be part of a movement that could promote freedom and educate people across Türkiye.
Crypto adoption in Turkey has been gaining traction at a notable speed and the expansion of Tether comes amid this.
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