Core

2024

LayerZero

<div class="flex-shrink-0 flex flex-col relative items-end">
 <div class="pt-0.5 juice:pt-0">
  <div class="gizmo-bot-avatar flex h-6 w-6 items-center justify-center overflow-hidden rounded-full juice:h-8 juice:w-8">
   <div class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>Tether has announced a strategic partnership with BTguru to use their Core platform. This collaboration will explore real-world asset (RWA) tokenization in Turkish banks and evaluate its integration into the region’s payment systems.</strong> <b>According to Tether’s statement, discussions with regional financial institutions would be facilitated through BTguru’s strategic connections.</b>
   </div>
  </div>
 </div>
</div>
<p><span id="more-550713"></span></p>
<p style="text-align: center;"><em style="text-align: center;">Also read: <a href="https://www.cryptopolitan.com/layerzero-price-rising-following-binance-listing-5-other-new-crypto-listings-to-watch/" rel="noopener noreferrer nofollow">LayerZero price rising following Binance listing: 5 other new crypto listings to watch</a></em><span style="text-align: center;">&nbsp;</span></p>
<div class="flex-shrink-0 flex flex-col relative items-end">
 <div class="pt-0.5 juice:pt-0">
  <div class="gizmo-bot-avatar flex h-6 w-6 items-center justify-center overflow-hidden rounded-full juice:h-8 juice:w-8">
   <div class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8">
    The statement by Tether highlighted discussions and partnerships with Fuze, a digital assets platform in MENA, to demonstrate its dedication to enhancing the region’s digital asset education. Tether pointed out that a report from the U.S. Department of Commerce through the International Trade Administration, ranking Turkey fourth in global crypto transaction volumes, partly inspired the MoU.
   </div>
  </div>
 </div>
</div>
<h2 id="span-style-font-weight-400-tether-btguru-mou-breaks-down-the-barrier-to-turkish-crypto-education-span"><span style="font-weight: 400;">Tether-BTguru MoU breaks down the barrier to Turkish crypto education&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></h2>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Tether Signs MoU with BTguru to Drive Digital Asset Education in Türkiye<br>Learn more: <a href="https://t.co/UhFEMs5d4s" rel="noopener noreferrer nofollow" target="_blank">https://t.co/UhFEMs5d4s</a></p>
 <p>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1808108898701701374?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">July 2, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">According to Tether’s statement, The MoU signed with BTguru solidified Tether’s commitment to forming tactical relationships to support Turkey’s growing interest in digital assets. A previous report by Chainalysis confirmed these claims by revealing that Turkey had transacted $170 billion in crypto between 2022 and 2023.&nbsp;</span></p>
<p><span style="font-weight: 400;">The stablecoin issuer also mentioned that Turkey’s significant crypto adoption reflected the need to prevent currency devaluation.&nbsp;</span></p>
<blockquote>
 <p style="text-align: center;"><i><span style="font-weight: 400;">“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.”</span></i></p>
 <p style="text-align: center;">–<a href="https://tether.io/news/tether-signs-mou-with-btguru-to-drive-digital-asset-education-in-turkiye/#:~:text=%E2%80%9CTether%20and%20BTguru,CEO%20of%20Tether." rel="noopener noreferrer nofollow" target="_blank"><i><span style="font-weight: 400;">Paolo Ardoino</span></i></a><i><span style="font-weight: 400;">, CEO of Tether</span></i></p>
</blockquote>
<p><span style="font-weight: 400;">Tether affirmed that discussions with industry giants like BTguru marked an important milestone in advancing a Turkish digital asset education program. The statement further noted that this would make the financial landscape more resilient and inclusive for individuals and businesses.</span></p>
<h2 id="span-style-font-weight-400-tether-hopes-to-prepare-turkey-for-the-digital-era-span"><span style="font-weight: 400;">Tether hopes to prepare Turkey for the digital era</span></h2>
<p><span style="font-weight: 400;">In its statement, Tether expressed deep commitment to introducing a comprehensive digital asset education program that would help maintain Turkey’s innovative and robust blockchain ecosystem.</span></p>
<p style="text-align: center;"><span style="font-weight: 400;"><em>Also read: <a href="https://www.cryptopolitan.com/bitstamp-delists-euro-tether-eurt/" rel="noopener noreferrer nofollow">Bitstamp delists Euro Tether (EURT) as MiCA rules are rolled out</a></em>&nbsp;</span></p>
<p><span style="font-weight: 400;">The stablecoin giant added that it hoped to constantly assess the digital asset situation in Turkey so that it could strike a balance between the initiative’s usage, maintainability, and community interest. Tether acknowledged that community interest played a crucial role in the sustainability of the digital asset education program.&nbsp;</span></p>
<blockquote>
 <p style="text-align: center;"><i><span style="font-weight: 400;">“We assure our community that this transition will be executed meticulously and with minimal disruption. Our top priority remains to deliver a seamless user experience, and we are committed to facilitating a hassle-free transition.”</span></i></p>
 <p style="text-align: center;">–<a href="https://tether.io/news/tether-announces-strategic-transition-to-prioritize-community-driven-blockchain-support/" rel="noopener noreferrer nofollow" target="_blank"><i><span style="font-weight: 400;">Tether</span></i></a></p>
</blockquote>
<p><i></i><span style="font-weight: 400;">A report by Chainalysis </span><a href="https://www.chainalysis.com/blog/middle-east-north-africa-mena-cryptocurrency-adoption/#:~:text=In%20addition%20to%20ranking%2012th%20on%20our%20Global%20Crypto%20Adoption%20Index%2C%20Turkey%20is%20also%20fourth%20worldwide%20in%20raw%20crypto%20transaction%20volume%2C%20receiving%20approximately%20%24170%20billion%20over%20the%20last%20year.%20That%20puts%20it%20behind%20only%20the%20United%20States%2C%20India%2C%20and%20the%20United%20Kingdom.%C2%A0" rel="noopener noreferrer nofollow" target="_blank"><span style="font-weight: 400;">revealed</span></a><span style="font-weight: 400;"> Turkey was only behind the U.K., the U.S., and India in raw crypto transaction volume. Chainalysis explained that this huge crypto adoption was driven by the country’s macroeconomic climate and the interests of its young population in innovation and technology.</span></p>
<p><em>Cryptopolitan reporting by Collins J. Okoth</em></p>

Tether and BTguru partner to promote crypto education in Turkey

Table of Contents

Cryptopolitan_News

Other articles published on Jul 4, 2024

CoinMarketCap Introduces Innovative Crypto Yield Aggregator

Analis Reku: Ada Indikasi Strong Buy untuk Altcoin

Piggycell, a IoT based RWA project, secures investment from a public mainnet, Internet Computer (...

German Government Yet Again Moves 1,300 BTC To Crypto Exchanges

Tron Founder Justin Sun Willing to Minimize German Government's 40,359 BTC Sell-Off

MAG’s Blockchain Move: $500 Million in Real Estate Tokenization with Mantra’s Platform

Join our free newsletter for daily crypto updates!