Oasis

Security

<h2 class="wp-block-heading" id="tether-expands-in-uae-partners-with-rak-dao">Tether Expands in UAE, Partners with RAK DAO</h2> 
<p>Tether, the company behind the USDT stablecoin, has announced a significant partnership with RAK Digital Assets Oasis (RAK DAO) to promote the adoption of Bitcoin (BTC) and stablecoin technology in Ras Al Khaimah, UAE. This partnership was formalized through a Memorandum of Understanding (MoU), as revealed in a recent Tether <a href="https://tether.io/news/tether-signs-mou-with-rak-dao-to-develop-educational-initiatives-on-bitcoin-and-stablecoins-in-the-ras-al-khaimah-region/" target="_blank" rel="noopener">blog post</a>.</p> 
<h2 class="wp-block-heading" id="tether-and-rak-dao-collaboration">Tether and RAK DAO Collaboration</h2> 
<p>In their collaboration, Tether and RAK DAO aim to facilitate crypto payment adoption in the <a href="https://btc-pulse.com/canaan-unveils-new-energy-efficient-bitcoin-miner/">region </a>and develop blockchain-focused educational programs. Paolo Ardoino, CEO of Tether, emphasized the potential of this partnership:</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“In collaboration with RAK DAO, them will help facilitate crypto payment adoption in the region and design blockchain-focused education programs.”</p> 
</blockquote> 
<p>RAK DAO is dedicated to promoting web3 innovation and driving economic growth within the emirate. Through its educational initiative, Tether Edu, the company will offer programs for individuals at various skill levels. These programs will cover advanced topics such as Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and practical cryptocurrency use cases.</p> 
<h2 class="wp-block-heading" id="driving-economic-growth-and-innovation">Driving Economic Growth and Innovation</h2> 
<p>Dr. Sameer Al Ansari, CEO of RAK DAO, highlighted the significance of this <a href="https://btc-pulse.com/emart24-launches-bitcoin-south-korea-bithumb/">collaboration </a>for RAK DAO’s mission to become a premier blockchain innovation hub:</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“By harnessing the power of Bitcoin technology and cryptocurrencies, we aim to drive economic growth, foster financial inclusion, and position RAK DAO as a global leader in the digital economy.”</p> 
</blockquote> 
<h2 class="wp-block-heading" id="enhancing-security-with-chainalysis">Enhancing Security with Chainalysis</h2> 
<p>Earlier this month, them also announced a collaboration with Chainalysis, a leading <a href="https://btc-pulse.com/blockchain/">blockchain </a>analytics company, to implement a USDT transaction monitoring system. This system aims to analyze activities on large balance wallets, identifying transactions potentially linked to illegal activities, terrorist financing, or attempts to circumvent international sanctions.</p> 
<p>With these initiatives, them continues to play a crucial role in advancing the global adoption of cryptocurrency and blockchain technology.</p>

Tether Expands in UAE: Partners with RAK DAO to Boost Crypto Adoption

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