Tether, DMCC sign MOU to boost blockchain education

Tether, the company behind the world's largest stablecoin, has entered a strategic partnership with the Dubai Multi Commodities Centre (DMCC), a major commercial free zone, to advance blockchain technology and digital asset education within Dubai's business community. The two entities signed a Memorandum of Understanding on June 16, 2026, establishing a framework for collaboration.

The agreement outlines plans for joint educational programs, pilot initiatives for tokenization, advisory services, and the exploration of blockchain-based payment infrastructure. The partnership aims to leverage Tether's expertise to support DMCC's network of more than 26,000 registered companies, which accounts for approximately 15 percent of Dubai's total foreign direct investment.

Tether CEO Paolo Ardoino stated that the United Arab Emirates is actively developing digital asset infrastructure and connecting it with real economic activity. He said the collaboration with DMCC is focused on accelerating the practical use of blockchain technology in areas like tokenization and education, with a goal of supporting real-world applications that expand market participation.