World Crypto Global
- Written by: Jared Kirui
- Tue, 02 Jul 2024
- Israel
Stablecoin issuer Tether has partnered with atechnology and strategy company specializing in crypto assets todevelop educational initiatives in Türkiye. This collaboration reportedly aimsto equip individuals with the knowledge to navigate the digital age.MoU to Advance Crypto EducationAccording to the press release, the new agreement with BTguru reflects Tether's broader aspiration for Tether EDU, a global initiativededicated to making education accessible and boundless. The MoU has outlinedplans to develop comprehensive programs that introduce private and publicstakeholders in Türkiye to the benefits of blockchain and peer-to-peertechnology. These programs will reportedly utilize BTguru's connections to facilitate discussions with financial institutions, explorereal-world asset tokenization, and evaluate regional payment networks utilizingBTguru Core.Speaking about the new agreement, Paolo Ardoino, Tether's CEO, mentioned: "Tether and BTguru believe in the transformative power ofdigital assets and peer-to-peer technologies. This MOU has the potential toprovide a solid foundation for the responsible and informed use of digitalassets. We are excited to be part of a movement that could promote freedom andeducate people across Türkiye."Tether's education initiative extends beyond Türkiye.The USDT issuer is reportedly engaging a regulated digital asset infrastructureplatform in the MENA region to enhance digital asset education across theMiddle East.Tether Signs MoU with BTguru to Drive Digital Asset Education in TürkiyeLearn more: https://t.co/UhFEMs5d4s Tether (@Tether_to) July 2, 2024Expanding Educational EffortsTürkiye ranks as the fourth-largest nation incryptocurrency transaction volume, according to the International TradeAdministration U.S. Department of Commerce, as cited by Tether. Also,Chainalysis reported that Türkiye received approximately $170 billion in cryptotransactions over the past year, driven by the need to counteract currencydevaluation.Elsewhere, the second largest stablecoin issuer,Circle, was recently registered as an electronic money institution inFrance. This approval makes Circle one of the compliant stablecoin issuersunder the European Union's cryptocurrency regulations.The issuer of USD Coin stablecoin obtained the e-moneylicense from France's banking industry regulator, the Autorité de ContrôlePrudentiel et de Résolution. As a result, Circle is now compliant with the EU'sMarkets in Crypto-Assets regulations.Still, in the stablecoin sector, Paxos has received full approval from Singapore to issue stablecoins. The license awarded by theMonetary Authority of Singapore enables the firm to offer digital payment tokenservices through its entity, Paxos Digital Singapore Pte. Ltd. The regulatorymilestone broadened the number of markets Paxos is authorized, which includethe US and the UAE.This article was written by Jared Kirui at www.financemagnates.com.
