Tether operations Limited and Reelly Tech have come together and signed a Memorandum of Understanding (MoU) to modernize real estate transactions in the UAE. The main aim of this partnership is to integrate USDT into property dealings, streamlining transactions for over 30,000 local and international agents on Reelly Tech’s B2B platform.
Tether and Reelly Tech Revolutionizing Property Transactions with Stablecoins
With this initiative, Reelly will hold educational series on its platform for real estate professionals that will help them leverage stablecoin like USDT for purchasing property in the UAE. This move will lead to increased adoption of the blockchain technology in the real estate sector and will also increase the understanding of the technology.
Reelly Tech connects agents across the UAE, offering AI driven solutions and detailed property insights. With over 1,450 projects analyzed, the platform simplifies marketing, communication, and professional development, ensuring efficiency in property transactions.
UAE’s Thriving Crypto Market
UAE currently ranks third in global cryptocurrency adoption, and the real estate market in UAE is booming right now. With this collaboration, the initiative aims to capitalize on the momentum by expanding the use of stablecoin in real estate.
Tether’s CEO Paolo Ardoino, emphasized the importance of blockchain innovations in booming digital economies while Reelly Tech’s CEO, Vitaliy Ryzhak, highlighted their goal to enhance international property investment through stablecoin integration.
This collaboration in short is a significant step towards digitalizing real estate market transactions and in giving rise to financial inclusion. This move may also position UAE as a global leader in blockchain innovation.
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Source: https://www.cryptonewsz.com/tether-reelly-tech-partner-real-estate-uae/