realestate

Tether and Reelly Tech Collaborate on UAE Real Estate Transaction Innovation

Tether Operations Limited, the largest digital asset company, signs major Memorandum of Understanding.

A
seismic shift is underway in the UAE's real estate landscape, driven by a revolutionary force: cryptocurrency. Tether, the trailblazing stablecoin issuer, has forged a groundbreaking partnership with Reelly Tech, a leading real estate platform that connects over 30,000 local and international agents.

    This strategic alliance will empower these agents to harness the power of USDT, streamlining property transactions and rendering them more efficient and secure. The integration of stablecoins is poised to benefit all stakeholders – buyers, developers, and agents alike – by accelerating the process and minimizing risks.

    To facilitate a smoother transition, Tether and Reelly Tech are launching an educational series aimed at real estate professionals. This comprehensive initiative will delve into the intricacies of USDT transfers, practical applications, and how digital assets can simplify property purchases.

    Paolo Ardoino, CEO of Tether, is thrilled about this collaboration: "Together, we're poised to revolutionize real estate transactions, foster sustainable growth, and set new benchmarks for innovation in the region."

    Reelly Tech's platform has become an indispensable tool in the UAE's real estate sector, where agents handle a staggering 95% of property transactions. By leveraging stablecoins, this partnership is poised to catapult Dubai's booming market to even greater heights.

    As the UAE continues to solidify its position as a global leader in cryptocurrency adoption – ranking third globally according to the Henley Index 2024 – Tether is preparing to launch a stablecoin pegged to the UAE dirham (AED). This move underscores the country's unwavering commitment to digital assets and blockchain innovation.

    With supportive regulations and growing adoption, the UAE is poised to become a trailblazer in blockchain-powered real estate.

Tether and Reelly Tech collaborate on UAE real estate transaction innovation project.