Tether EDU and BTguru have signed a Memorandum of Understanding (MoU) to evaluate digital resources and educational 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 prepare individuals for the digital age through innovative learning opportunities. It was founded earlier this year as part of its strategy to move beyond stablecoins. Tether explained,
“This is part of Tether’s broader vision for Tether EDU, which aims to create a world where education is borderless and accessible to everyone, everywhere.”
The MoU with BTguru focuses on developing programs that introduce private and public stakeholders to the benefits of blockchain and peer-to-peer technology. Leveraging BTguru’s connections, the initiative will facilitate discussions with financial institutions in Turkey, explore real-world examples of asset tokenization for banks and explore scenarios for payment networks.
Tether is also in discussions with a regulated digital asset infrastructure platform in the Middle East and North Africa (MENA) region to improve digital asset education in Turkey and the broader Middle East.
Tether highlights Turkey’s interest in digital assets. According to the International Trade Administration and the US Department of Commerce, Turkey is the fourth largest country in terms of the number of crypto transactions. Chain analysis data shows that Turkey has received approximately $170 billion in crypto transactions since 2022, mainly driven by the need to offset the currency’s devaluation.
Paolo Ardoino, CEO of Tether, said:
“Tether and BTguru believe in the transformative power of digital assets and peer-to-peer technologies. This MoU has the potential to provide a solid foundation for the responsible and informed use of digital assets. We are excited to be part of a movement that can promote freedom and educate people across Türkiye.”
The MoU aims to increase digital asset education in Turkey, potentially making the financial landscape more inclusive and resilient for businesses and individuals.
Can Bükülmez, partner at BTguru, said:
“We are keen to enable new business lines with Tether and evaluate the introduction of their scale into Türkiye’s banking vertical and emerging digital asset businesses.”