UAE crypto custodian Changer and Tether to support USDT transactions
Changer.ae Limited (“Changer”), a UAE regulated virtual asset custodian has signed a Memorandum of Understanding with Tether , a global digital asset company and the issuer of USD₮, to explore opportunities to support regulated crypto transactions using USD₮. By combining Tether’s global leadership in stablecoin technology with Changer.ae’s regulated platform and regional expertise, the parties aim to explore practical blockchain applications that enhance regulated digital asset connectivity and improve the efficiency of virtual asset transactions for businesses and institutions.
The Mou also includes working on projects that will enhance cross-border virtual asset transfer capabilities, educational and acceleration programs related to digital transformation and develop blockchain-enabled digital asset infrastructure within the scope of the parties’ respective regulatory permissions.
Both companies aim to introduce regulated USD₮-to-fiat conversion services and explore blockchain-enabled infrastructure designed to improve the efficiency, security, and interoperability of regulated digital asset transactions.
Beyond technology development, Changer.ae and Tether aim to collaborate on a series of educational and ecosystem-building initiatives, including workshops, webinars, executive masterclasses, and industry forums focused on blockchain innovation and digital transformation. They also intend to foster strategic connections between investors, technology partners, corporate organizations, and portfolio companies to support knowledge exchange, encourage collaboration, and unlock new opportunities for business growth.
The CEO of Tether Paolo Ardoino expressed optimism in the MOU with Changer especially when it came to the responsible advancement and use of digital assets and blockchain in a transparent and compliant way. He stated, “Together, we aim to reduce intermediaries and build a more accessible, efficient, and innovative global financial system in the region.”
“This collaboration reflects our commitment to advancing the future of digital finance through responsible innovation,” said Wang Hao, Senior Executive Officer of Changer.ae “Together with Tether, we look forward to exploring secure, compliant, and efficient blockchain-powered solutions that support businesses, strengthen financial connectivity, and contribute to the ADGM’s growing digital economy.”
