15 April 2024 Tether is the biggest company in the industry of digital assets. Fuze is a leader in digital infrastructure with offices in Abu Dhabi and Dubai.
The signing of this MOU marks a significant moment for the promotion and advancement of the understanding and awareness about digital assets in the entire region. Tether and Fuze hope to tackle various aspects of digital asset education through these cooperative efforts. This includes cross-border payments, compliance, development of regulatory frameworks, and educational materials for local financial institution.
This collaboration will be aimed at achieving these goals. The two companies will undertake a variety of cooperative endeavors, including educational campaigns, to encourage the adoption of digital currencies such as Bitcoin and Stablecoins, like Tether, to enable cross-border payment. These initiatives are strategically designed to demonstrate the accessibility and efficiency benefits that come with using digital assets for individuals and businesses in Turkey, Middle East and North Africa.
Tether and Fuze are also analyzing the creation of workshops and programs aimed at increasing awareness of digital assets, blockchain technology and their use by local financial institutions in these regions. This effort will be aligned with the evolving standards and regulatory requirements to ensure compliance within a dynamic regulatory environment. The joint strategies will promote education initiatives and workshops to demonstrate a commitment towards ethical and responsible teaching practices.
These strategies also aim to educate merchants and business owners on how digital assets such as Bitcoin and Tether can be used for daily transactions. This will increase the awareness of and acceptance of digital currencies. These initiatives also involve engaging local and regional financial institutions and banks to help educate them about the advantages of using stablecoins for customers and digital assets.
We are excited to join forces with Fuze and be a part of an initiative that will bring digital assets into the hands of Turks, Middle Easterners, and North Africans. Paolo Ardoino is the CEO of Tether. Our collaboration is about more than just technology. It’s also about helping individuals, companies, and financial institutions navigate the changing landscape of finance in confidence and with clarity.
Further comments on the Collaboration Mo Ali Yusuf is the co-founder and CEO of Fuze said, We’re excited to join forces with Tether, who shares our belief that digital assets are the key to the future of financial services. We can speed up the adoption of digital assets by educating all stakeholders. This will allow everyone, from end users to institutions, to benefit from these vast opportunities.