Stablecoin issuer Tether is collaborating with Fuze to teach people and financial institutions in Turkey and the Middle East about cryptocurrency.
Tether, known for its leading stablecoin, has signed a deal with Fuze, a crypto services provider, to boost awareness and knowledge of digital assets in the region.
Tether and Fuze Enhance Crypto Education in Turkey & Middle East
In a press release dated April 15, Tether announced a partnership with Fuze aimed at advancing cryptocurrency education in Turkey and the Middle East. The collaboration will cover a range of topics, including cross-border payment solutions, regulatory compliance, framework development, and training for financial institutions.
The joint educational initiatives will promote the adoption of cryptocurrencies such as Bitcoin, blockchain technology, and stablecoins like USDT for cross-border transactions. These efforts are targeted towards businesses and individuals across Turkey, the Middle East, and North Africa.
Tether CEO Paolo Ardoino emphasized that the collaboration goes beyond technology, focusing on empowering individuals, businesses, and financial institutions to navigate the evolving financial landscape with confidence and clarity.
Tether and Fuze Expand Crypto Education Efforts
Tether’s collaboration with Fuze to bolster crypto education in Turkey and the Middle East aims to engage local and regional lenders, yet specific participant details are undisclosed. Fuze CEO Mo Ali Yusuf echoes Tether CEO Paolo Ardoino’s sentiment, emphasizing the program’s goal to ensure all stakeholders benefit from secure and trusted digital assets.
This initiative marks Tether’s second educational campaign in 2024, following a Memorandum of Understanding with Uzbekistan’s National Agency of Perspective Projects. The aim is to position the country as a central hub for peer-to-peer and blockchain technology.
On the regulatory front, Turkey is striving to exit the Financial Action Task Force’s “grey list” by tightening oversight on crypto. Discussions involve implementing licensing standards, capital adequacy requirements, and compliance metrics for custody services. However, the timeline for these regulatory changes remains uncertain.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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