Tether EDU and BTguru have signed a Memorandum of Understanding (MoU) to evaluate digital assets and education initiatives in Turkey.
Tether EDU is an initiative aimed at improving global access to education, especially in emerging markets. By supporting education projects, Tether aims to equip individuals for the digital age through innovative learning opportunities. It was established earlier this year as part of its strategy to expand beyond stablecoins. Tether explains:
“This is part of Tether’s broader vision for Tether EDU, which aims to create a world where education is available to everyone, anywhere, without limitations.”
The MoU with BTguru focuses on developing programs to showcase the benefits of blockchain and peer-to-peer technology to private and public stakeholders. The effort will leverage BTguru’s connections to facilitate discussions with financial institutions in Turkey to explore real-world asset tokenization use cases for banks and explore payment network scenarios.
Tether is also in discussions with regulated digital asset infrastructure platforms in the Middle East and North Africa (MENA) region to enhance digital asset education in Turkey and across the Middle East.
Tether highlights interest in digital assets in Turkey, the fourth-largest country in the world by cryptocurrency trading volume, according to the International Trade Office and the U.S. Department of Commerce. Turkey is set to receive about $170 billion in cryptocurrency transactions since 2022, mainly due to the need to offset a currency devaluation, according to Chainalysis data.
Tether CEO Paolo Ardoino said:
“Tether and BTguru believe in the transformative power of digital assets and peer-to-peer technology. This MoU has the potential to provide a solid foundation for the responsible and informed use of digital assets. We are pleased to be part of a movement that can promote freedom and educate people across Turkey.”
The memorandum aims to strengthen digital asset education in Turkey and make the financial environment more inclusive and resilient for businesses and individuals.
Can Bükülmez, Partner at BTguru, commented:
“We look forward to working with Tether to enable new business lines and explore bringing our scale to Turkish banking and emerging digital asset businesses.”
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