What are Tether tokens and how do they work?

15 April 2024  – Tether, the largest company in the digital assets industry, and Fuze, a leading digital assets infrastructure provider with offices in Abu Dhabi, Dubai, and Istanbul, have signed a Memorandum of Understanding (MoU) to establish the terms of a collaboration on educational initiatives within the digital asset realm, with a particular focus on Turkey and the Middle East.

This MOU signals a pivotal moment in the advancement of digital asset awareness and understanding across the region. Through these cooperation efforts, Tether and Fuze aim to address various facets of education around digital asset space, encompassing cross-border payment solutions, compliance, regulatory framework development, and education for local financial institutions.

In pursuit of these objectives, this collaboration will see the two companies undertaking a range of collaborative endeavors which include educational campaigns to promote the adoption of digital assets such as Bitcoin, Blockchain, and Stablecoins like Tether (USDT) to facilitate cross-border payments. These initiatives will be strategically designed to highlight the efficiency and accessibility benefits of using digital assets in a compliant manner for businesses and individuals across Turkey, the Middle East, and North Africa.

Tether and Fuze will also analyze the development of programs and workshops aimed at enhancing awareness and understanding of digital assets and blockchain technology among local financial institutions and individuals in the aforementioned regions. These efforts will align with evolving regulatory requirements and standards to ensure compliance in the dynamic regulatory landscape. Joint strategies will be designed to promote educational initiatives and workshops, demonstrating a commitment to ethical and responsible educational practices.

Additionally, these strategies will prioritize educating merchants and businesses on the practical utility of digital assets like Bitcoin and Tether for everyday transactions, aiming to increase awareness and adoption of digital assets. The initiatives will also include the engagement of local and regional banks and financial institutions to educate them on the benefits of utilizing stablecoins and digital assets for their customers, empowering financial institutions with the knowledge and tools necessary to leverage digital assets effectively.

"As we team up with Fuze, we're thrilled to be part of a movement that brings digital assets within reach of people across Turkey, the Middle East, and North Africa,” said Paolo Ardoino, CEO of Tether.  “Our collaboration isn't just about technology; it's about empowering individuals, businesses, and financial institutions to navigate the evolving landscape of finance with confidence and clarity." 

Commenting further on the collaboration, Mo Ali Yusuf, Co-Founder and CEO of Fuze said, “We’re proud to team up with the Tether team who share our vision that digital assets will power the future of finance. By educating stakeholders at all levels, we can accelerate the digital assets landscape and ensure that everyone from institutions to end consumers benefit from the vast opportunities presented by well-managed, secure, and trusted digital assets.”

10 April, 2024 —   Tether Operations Limited (Tether), the largest company in the digital asset industry, and Coins.ph, a leading digital asset exchange in the Philippines, announced today that they are joining forces to promote financial education of blockchain technologies, Bitcoin, and Stablecoins, in the region. 

This collaboration will empower Filipinos with financial knowledge through a series of educational programs developed by Coins.ph, tailored to diverse audiences. This will include workshops, online campaigns, and interactive quizzes designed to increase awareness and understanding of digital assets and their potential benefits.

“The Philippines is a nation brimming with potential for digital asset adoption”, said Paolo Ardoino, CEO of Tether. "Through this collaboration with Coins.ph, we hope to equip Filipinos with the knowledge and tools to navigate the exciting world of blockchain technologies. Tether is proud to spearhead a movement that combines cutting-edge technology, education, and financial inclusion."

“Our collaboration with Tether marks a significant step towards equipping Filipinos with essential knowledge to participate in the growing digital asset economy. A key focus of this will be the use of Stablecoins such as USDT for cross-border payments and remittances,” said Wei Zhou, CEO  of Coins.ph. “This collaboration aligns with our mission to make financial services accessible and inclusive for everyone in the Philippines.”

This latest collaboration is a further demonstration of Tether's overarching mission to facilitate easy access to educational resources that promote an understanding and responsible utilization of blockchain-backed digital assets. This endeavor represents an extension of Tether's existing groundwork in Thailand, Georgia, Uzbekistan, and Africa where Tether has collaborated on educational initiatives to raise awareness and understanding of blockchain technology and stablecoins. With these initiatives, Tether seeks to equip citizens with the necessary knowledge and proficiency to thrive in the cryptocurrency sphere, encompassing vital areas like avant-garde technology, stablecoins, and peer-to-peer systems.

The educational initiatives will target diverse segments of the Filipino population, including finance professionals like bankers and fintech companies, but also Overseas Filipino Workers seeking efficient remittance solutions, pawnshop owners and customers, and individuals curious about the fundamentals of cryptocurrency.