Tether partners with Reelly to introduce USDT payments in UAE real estate market

StableCoin issuer Tether has introduced USDT payment for real estate transactions in the United Arab Emirates (UAE).

As part of the recent partnership with Real Estate Platform Reilly Tech based in UAE, this step will shut over 30,000 real-estate agents using USDT to shut down property deals, which will make the payment process simple and more efficient, A 6 February announced said,

Tedhar CEO Paolo Ardoino praised the “progressive stance on technology” of the local regulator and as an opportunity to provide the current offering “real estate transactions, promote permanent development and set new benchmarks for innovation in the field Described.

As per the release, the real estate market in Dubai is currently flourishing, and the sales of the plan have increased by more than 27% in 2024.

By the end of the year, the market value was 283 billion AEDs.

Reilly taps into this market by offering an artificial intelligence-powered platform that connects real estate agents throughout the UAE.

At the top of it, it provides intensive project analysis, AI-powered presentations, agent performance tracking and industry insight.

StableCoin-Tether and RLY are also rolling an educational initiative to support the change towards the operated real estate transactions.

Hosted on the platform of Reilly, it will teach the interactive chain agents how to handle the usDT payment safely and efficiently, with the aim of adopting and promoting the adoption in the sale of crypto-managed property.

Reilly CEO Vitali Raizak indicated on large plans for partnership. “We are just starting,” he said,

We aim to make international real estate investment safe, skilled and easy. To do this, we plan to create equipment to open new opportunities to use USDT in real estate transactions.

Tithi UAE expansion

Tether has already strengthened its place in the steady market in the UAE.

The USDT was recognized in December 2024 as an approved virtual property by the Financial Services Regulatory Authority of Abu Dhabi Global Market.

For example, licenses can integrate the financial services provider USDT in regulated financial systems.

Plans to introduce a Dirham-Paigd Stabecoin are also working as per the announcement of the Tether announced last year in August.

The new Stabelcoin will be developed in partnership with several UAE-based firms including Phoenix Group PLC and Green Acorn Investments Limited.

Tithi has also partnered Ras al Khamah Digital Assets OasisA special economic free sector in the UAE provides a business-friendly environment for web 3 startups, blockchain companies, virtual asset service providers (VASPS) and fintech firms.

Through our academic arm therdu to adopt web 3 by educating the local people about bitcoin and stabechoin technology in Ras Al Khamah region.

USDT is currently the largest stabechoin in terms of market cap and transaction volume.

While writing, its market cap was more than $ 141 billion and had a daily trading volume of about $ 100 billion.

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