Tether Operations Limited has signed a Memorandum of Understanding with Reelly Tech, a leading B2B real estate platform in the UAE, to introduce USDT into real estate transactions. This collaboration aims to create a more efficient and innovative real estate market by incorporating stablecoins and blockchain technologies.
Collaboration for Increased Efficiency
The agreement between Tether and Reelly Tech covers over 30,000 local and international agents, providing secure and seamless transactions using USDT. It reflects the growing adoption of blockchain in traditional sectors and promotes financial innovation in one of the region's fastest-growing markets.
Empowering Agents Through Education
The partnership between Tether and Reelly focuses on educating real estate professionals about stablecoins, providing educational series to boost their confidence in using USDT. This aligns with the growing interest in digital assets within the UAE, where agents facilitate 95% of real estate transactions.
Crypto's Influence on UAE Real Estate Market
The UAE's real estate sector is developing at an unprecedented pace. In 2024, off-plan sales reached 283 billion AED, a 27.5% increase from 2023. Tether and Reelly showcase blockchain-based solutions that simplify property transactions and enhance liquidity with stablecoin USDT.
The collaboration between Tether and Reelly in the UAE marks a significant step towards integrating cryptocurrencies into traditional markets. It ensures secure and efficient real estate investments, contributing to the growth of the digital economy in the region.
