Tether Signs Memorandum of Understanding with Dubai Multi Commodities Centre to Advance Blockchain Education and Asset Tokenization

June 16 — Stablecoin issuer Tether has entered into a partnership memorandum of understanding (MoU) with the Dubai Multi Commodities Centre (DMCC) to explore collaboration on three key areas: tokenization, digital asset education, and blockchain applications. DMCC, one of the world’s leading commercial hubs, hosts more than 26,000 businesses that make up 15% of Dubai’s total foreign direct investment (FDI). Under the MoU, Tether will deliver specialized workshops, blockchain advisory services, and digital asset pilot projects to companies in DMCC’s network. The pair will also look to enhance the DMCC community experience via a peer-to-peer digital payment system, and support knowledge sharing and innovation at the DMCC Crypto Center — including co-hosting events and hackathons. Tether CEO Paolo Ardoino noted that the UAE is actively integrating digital asset infrastructure into the global market and real economy. He added that this partnership aims to accelerate the practical application of blockchain technology in tokenization and education. DMCC Executive Chairman Ahmed Bin Sulayem highlighted that stablecoins have processed trillions of dollars in transactions, and tokenization is reshaping cross-border asset financing and transfer methods. By proactively establishing regulatory frameworks and supporting related infrastructure, Dubai is committed to solidifying its core position in the global digital economy, Sulayem stated.