- Tether has signed an MoU with DMCC to advance blockchain education, tokenization, and innovation.
- DMCC accounts for 15% of Dubai’s foreign direct investment and aims to facilitate trade flows.
- Both parties will explore workshops and hackathons, aiming to position Dubai as a global digital economy.
On June 16, 2026, Tether signed a Memorandum of Understanding (MoU) with the Dubai Multi Commodities Centre (DMCC). The agreement aims to advance blockchain education, tokenization of real-world assets, and innovation initiatives, including workshops, hackathons, and pilot programs in Dubai’s Crypto Centre.
Tether Signs MoU with DMCC to Advance Blockchain Innovation
Tether announced it has signed an MoU with DMCC, a leading international business district in Dubai that drives global trade. The agreement focuses on advancing blockchain education, tokenization of real-world assets, and broader blockchain innovation initiatives within DMCC’s ecosystem.
Paolo Ardoino, CEO of Tether, stated that the UAE is actively shaping how digital asset infrastructure is used across global markets and integrated into real economic activity. He added that the company’s goal is to support the development of real-world applications, tools, and frameworks that expand participation in digital markets.
Why DMCC Partners with Tether
DMCC is partnering with Tether to accelerate the integration of blockchain technology into global trade, commodities, and digital finance, aligning with its mandate as a leading international business district.
As a hub driving global trade flows and hosting more than 26,000 companies, accounting for 15% of Dubai’s foreign direct investment, DMCC views stablecoins and tokenization as critical enablers for modernizing financial infrastructure, cross-border payments, and asset ownership systems.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, stated: “Global trade is entering a new era where financial infrastructure, payments, and asset ownership are increasingly moving onto digital rails.”
What’s Next for Dubai’s Blockchain Innovation?
Dubai is advancing its Dubai Blockchain Strategy to position itself as a global blockchain-powered economy, supported by the UAE’s Emirates Blockchain Strategy and National Blockchain Strategy. These initiatives aim to digitize government and commercial systems at scale, enhancing efficiency, transparency, and trust while strengthening Dubai’s leadership in digital transformation.
Meanwhile, DMCC is actively advancing tokenized commodities such as gold, silver, and diamonds in partnership with regulators like VARA. Building on the Dubai Land Department’s Phase II Real Estate Tokenization Project, launched in February 2026 and enabling secondary trading of approximately 7.8 million tokens, Dubai is scaling asset tokenization through Tether-supported pilots.
Related: Binance Launches Fully Regulated AED Crypto Transfers in the UAE
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