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Stablecoin Issuer Tether Launches Educational Program to Promote Crypto Adoption in Türkiye
Stablecoin issuer Tether has partnered with a technology and strategy firm specializing in virtual assets and cryptocurrencies to develop educational initiatives in Turkey. The collaboration aims to equip people with the knowledge to navigate the digital age.
According to the press release, the new agreement with BTguru reflects Tether’s broader aspiration for Tether EDU, a global initiative dedicated to making education accessible and limitless. The MoU outlined plans to develop comprehensive programs that introduce private and public stakeholders in Turkey to the benefits of Blockchain and peer-to-peer technology.
These programs are said to leverage BTguru’s connections to facilitate discussions with financial institutions, explore real-world asset tokenization, and evaluate regional payment networks using BTguru Core.
Speaking about the new agreement, Paolo Ardoino, CEO of Tether, said: “Tether and BTguru believe in the transformative power of digital assets and peer-to-peer technologies. 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 Turkey.”
Tether’s education initiative extends beyond Turkey. U.S. dollar The issuer is reportedly partnering with a regulated digital asset infrastructure platform in the MENA region to enhance digital asset education across the Middle East.
Expanding educational efforts
Turkey ranks as the fourth largest country in cryptocurrency transaction volume, according to the International Trade Administration US Department of Commerce, as cited by Tether. Additionally, Chainalysis reports that Turkey has received approximately $170 billion in cryptocurrency transactions in the past year, driven by the need to counteract currency devaluation.
Elsewhere, the second largest stable currency The broadcaster, Circle, was recently registered as an electronic money institution (EMI) in France. This approval makes Circle one of the stablecoin issuers compliant with European Union cryptocurrency regulations.
The issuer of the stablecoin USD Coin has been granted an e-money license by the French banking regulator, Autorité de Contrôle Prudentiel et de Résolution. As a result, Circle is now compliant with the EU Crypto Markets Regulations (MiCA).
However, in the stablecoin sector, Paxos has has received full approval from Singapore to issue stablecoins. The license granted by the Monetary Authority of Singapore allows the company to offer digital payment token services through its entity, Paxos Digital Singapore Pte. Ltd. The regulatory milestone expanded the number of markets authorized by Paxos, which include the United States and the United Arab Emirates.
Stablecoin issuer Tether has partnered with a technology and strategy firm specializing in virtual assets and cryptocurrencies to develop educational initiatives in Turkey. The collaboration aims to equip people with the knowledge to navigate the digital age.
According to the press release, the new agreement with BTguru reflects Tether’s broader aspiration for Tether EDU, a global initiative dedicated to making education accessible and limitless. The MoU outlined plans to develop comprehensive programs that introduce private and public stakeholders in Turkey to the benefits of Blockchain and peer-to-peer technology.
These programs are said to leverage BTguru’s connections to facilitate discussions with financial institutions, explore real-world asset tokenization, and evaluate regional payment networks using BTguru Core.
Speaking about the new agreement, Paolo Ardoino, CEO of Tether, said: “Tether and BTguru believe in the transformative power of digital assets and peer-to-peer technologies. 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 Turkey.”
Tether’s education initiative extends beyond Turkey. U.S. dollar The issuer is reportedly partnering with a regulated digital asset infrastructure platform in the MENA region to enhance digital asset education across the Middle East.
Expanding educational efforts
Turkey ranks as the fourth largest country in cryptocurrency transaction volume, according to the International Trade Administration US Department of Commerce, as cited by Tether. Additionally, Chainalysis reports that Turkey has received approximately $170 billion in cryptocurrency transactions in the past year, driven by the need to counteract currency devaluation.
Elsewhere, the second largest stable currency The broadcaster, Circle, was recently registered as an electronic money institution (EMI) in France. This approval makes Circle one of the stablecoin issuers compliant with European Union cryptocurrency regulations.
The issuer of the stablecoin USD Coin has been granted an e-money license by the French banking regulator, Autorité de Contrôle Prudentiel et de Résolution. As a result, Circle is now compliant with the EU Crypto Markets Regulations (MiCA).
However, in the stablecoin sector, Paxos has has received full approval from Singapore to issue stablecoins. The license granted by the Monetary Authority of Singapore allows the company to offer digital payment token services through its entity, Paxos Digital Singapore Pte. Ltd. The regulatory milestone expanded the number of markets authorized by Paxos, which include the United States and the United Arab Emirates.