Tether just locked in a partnership with one of Dubai’s most influential commercial hubs. The stablecoin issuer signed a Memorandum of Understanding with DMCC, the Dubai Multi Commodities Centre free zone, to collaborate on blockchain education, tokenization initiatives, and digital asset infrastructure.
DMCC is a free zone with more than 26,000 registered companies and accounts for 15% of Dubai’s total foreign direct investment.
What the partnership actually covers
The MOU, announced on June 16, outlines a fairly broad scope of work. The two parties plan to run pilot programs for digital assets, host advisory sessions and workshops, organize hackathons, and build out infrastructure for blockchain-based payments across DMCC’s network.
Tether CEO Paolo Ardoino highlighted what he sees as coming changes to digital asset infrastructure in the UAE. DMCC Executive Chairman and CEO Ahmed Bin Sulayem pointed to the sheer scale of stablecoin transaction volumes, noting that stablecoins process trillions of dollars in value. Both executives framed the deal around practical, commercial applications rather than theoretical potential.
