Tether and Dubai DMCC to collaborate on tokenized finance projects

Tether which is still awaiting its stablecoin license from UAE’s Central Bank, has signed an MOU with Dubai based commodity trade center DMCC to collaborate on Blockchain, digital assets and tokenized finance projects.

According to the announcement, the MOU is a collaboration where Tether will support blockchain based communication, and payments within DMCC. It will also offer advice on tokenization, crypto payments, blockchain application and digital asset settlements.

Included as well are educational programs, events, hackathons and development initiatives with DMCC Crypto center.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, explained that with global trade entering a new era where financial infrastructure, payments and asset ownership are increasingly moving onto digital rails. Stablecoins are already processing trillions of dollars in transaction value, while tokenization is beginning to reshape how real-world assets are financed and transferred across borders, DMCC is playing a central role in connecting these technologies with global commerce.

He adds, “Through our agreement with Tether, we will explore new avenues for collaboration across blockchain infrastructure, digital payments and tokenization, marking a further step in scaling innovation and strengthening Dubai’s position at the center of the global digital economy.”

Paolo Ardoino, CEO, Tether, added “The UAE is actively shaping how digital asset infrastructure is adopted across global markets and integrated into real economic activity. By combining our expertise with DMCC’s mission, we are focused on accelerating the practical use of blockchain technology across areas such as tokenization and education, and supporting the development of real-world applications, tools, and frameworks that enable broader participation in digital markets.”

DMCC is currently home to 4,000 technology firms.