Tether Partners with Reelly to Enhance UAE Real Estate Payments Using USDT
Tether Operations Limited has partnered with Reelly Tech to enhance the real estate sector in the UAE using blockchain payments. They signed a memorandum of understanding (MoU) to streamline transactions and promote stablecoin utilization.
- The Reelly platform connects over 30,000 agents and developers in Dubai, facilitating sales of more than 1,450 projects.
- A comprehensive educational series will be developed to inform agents about stablecoins' impact on real estate transactions.
USDT recently reached an all-time high market cap of over $141 billion, with a daily trading volume around $44 billion. This partnership is expected to strengthen USDT's presence in the UAE's real estate market.
- Tether's USDT is recognized as an Accepted Virtual Asset by the Financial Services Regulatory Authority in Abu Dhabi.
- Reelly facilitates approximately 95% of property transactions in the UAE, positioning USDT for significant growth.
Vitaliy Ryzhak, CEO of Reelly, emphasized plans to create tools that enhance international real estate investments using USDT.