Realtors in the UAE will sell real estate for USDT
Buying real estate in the UAE
One of the world’s largest stablecoin issuers, Tether, has partnered with Reelly Tech, a leading B2B real estate platform in the UAE. The collaboration aims to modernize real estate transactions by integrating USDT into the purchasing process, allowing agents and developers to use digital assets for payments.
The partnership will provide over 30,000 Reelly Tech agents with blockchain-based solutions, helping to speed up transactions and reduce costs.
To support the transition to stablecoin payments, Tether and Reelly will launch an educational program to explain the benefits and practical applications of USDT in the real estate sector.
"We are excited to collaborate with Reelly Tech to advance blockchain solutions in the UAE’s real estate sector. Together, we will make transactions more transparent and secure, opening new opportunities for the market," commented Tether CEO Paolo Ardoino.
A growing real estate market
The Tether-Reelly Tech partnership comes amid Dubai’s booming real estate market. In 2024, off-plan sales reached $77 billion, marking a 27.5% increase from the previous year.
Additionally, the UAE ranks third globally in crypto adoption, making it an ideal environment for stablecoin integration. This is especially relevant as Tether recently secured regulatory approval in Abu Dhabi Global Market (ADGM) to facilitate USDT transactions in the region.
Recently, Tether also announced the integration of USDT into the Bitcoin ecosystem.
