Tether partners with Reelly Tech to integrate USDT in UAE real estate, enhancing property transactions with secure, fast, and efficient payments.
Tether has signed a Memorandum of Understanding (MoU) with Reelly Tech to introduce USDT in the UAE real estate market. This partnership aims to improve property transactions by making them faster, more secure, and more efficient. Through this agreement, USDT will become available to more than 30,000 agents who can use it for their property transactions.
Tether and Reelly Tech intend to create an educational program within this initiative. Stablecoins for property deals become easily accessible through education that this initiative provides to real estate agents. Through this program, the training will provide safe and effective methods for utilizing USDT. Through better knowledge agents will provide their clients with higher quality service with streamlined complex business operations.
Reelly Tech operates as a connection platform that unites real estate developers with thousands of agents. The platform offers database access to more than 1,450 projects and assists agents with artificial intelligence tools for crafting expert-level presentations.
Moreover, the platform provides educators, podcasts and networking events as well as learning sessions to enable professional development. Agents serving as the primary property stakeholders in the UAE primarily depend on Reelly Tech to fulfill their market requirements. The platform wants to enhance transaction processes between agents and developers through stablecoin integration.
USDT Set to Revolutionize UAE Real Estate Payments
The real estate sector in Dubai is experiencing rapid market expansion. The market data for off-plan property sales in 2024 showed a 27.5% growth to reach 283 billion AED. The substantial market growth creates an excellent chance to launch digital payment systems. Transaction efficiency increases with reduced operational costs when USDT stablecoin functions as the payment method leading to more international investor interest.
The UAE now leads the world as an adopter of cryptocurrency systems. The country holds the third position among all nations after Singapore and Hong Kong in worldwide adoption. The supportive government policies led digital asset companies to establish operations in this area. The total quantity of cryptocurrency transactions in the UAE surged 42% within 2023 to reach £34 billion. Blockchain innovation in the country produces positive developments across various business sectors because of its adopted technology approach.
The blockchain technology company Tether maintains an active promotional role in the Middle East market. The virtual asset USD₮ received authorization from Abu Dhabi regulatory entities. The firm works together with RAK DAO to deliver Bitcoin and stablecoins education to business customers. Through its partnership with Reelly Tech, the company fulfills its purpose to help create digital economies.
