Tether, a leading stablecoin, has signed a significant Memorandum of Understanding with Reelly Tech, a top real estate B2B platform in the UAE. This partnership aims to significantly enhance real estate transaction processes, enabling the use of USDT by over 30,000 local and international agents.
Tether and Reelly Tech Partnership
The MoU between Tether and Reelly Tech marks a significant step in the development of real estate technology. This partnership enables agents on the platform to leverage USDT in their operations, simplifying processes and boosting efficiency in the region's fast-growing market.
Educational Initiatives Within the Collaboration
As part of the cooperation, Tether and Reelly Tech will create an interactive educational series to be promoted on Reelly Tech’s platform. This initiative helps agents explore how stablecoins can transform property transactions and understand various practical applications, such as USDT transfers for real estate purchases with confidence and security.
Impact on Dubai's Real Estate Market
Reelly connects over 30,000 agents locally and internationally. The platform plays a key role in the UAE real estate market, where agents handle about 95% of property transactions. With Dubai’s booming real estate market, Tether and Reelly aim to simplify property purchases using stablecoins, enhancing efficiency for buyers, developers, and agents.
Tether’s partnership and its plan to launch a dirham-pegged stablecoin highlight the rapidly growing demand for crypto solutions in the region. This collaboration opens new opportunities for agents and all market participants in the UAE’s accelerated digital environment.
