2 July 2024  –  Tether Operations Limited, the largest company in the digital asset industry, and BTguru, a leading technology and strategy company specialising in virtual and crypto assets, have signed a Memorandum of Understanding (MoU) to evaluate digital assets educational initiatives in Türkiye.

This is part of Tether’s broader vision for Tether EDU, which aims to create a world where education is boundless and accessible to everyone, everywhere. By supporting initiatives that break down barriers to education, Tether offers opportunities in emerging markets and beyond designed to prepare individuals for the challenges and opportunities of the digital age. This effort goes beyond traditional learning; it’s about building a foundation for lifelong success.

The MoU with BTguru aims to evaluate the development of comprehensive programs to introduce private and public stakeholders to the benefits of blockchain and peer-to-peer technology and leverage BTguru’s connections to facilitate discussions with financial institutions in Türkiye. Additionally, the parties will explore real-world asset tokenization use cases for banks and evaluate regional payment network scenarios using Btguru Core.

Tether’s dedication to education is further demonstrated by its discussions with a regulated digital asset infrastructure platform in MENA, which enhances digital asset education in Türkiye and the Middle East. This MoU with BTguru solidifies Tether’s commitment to forming strategic relationships that drive its mission forward.

According to the International Trade Administration U.S. Department of Commerce, Türkiye ranks as the fourth-largest nation in cryptocurrency transaction volume, indicating the country’s growing interest in digital assets. Chainalysis reports that Türkiye received approximately $170 billion in crypto transactions over the last year, reflecting significant adoption driven by the need to counteract currency devaluation.

“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 could promote freedom and educate people across Türkiye,” said Paolo Ardoino, CEO of Tether.

“BTguru is excited to engage in discussions with an industry giant like Tether. We are keen to enable new business lines with Tether and evaluate the introduction of their scale into Türkiye’s banking verticals and emerging digital assets businesses,” said Can Bükülmez, Partner at BTguru.

This MoU could mark a significant milestone in advancing digital asset education in Türkiye, making the financial landscape more inclusive and resilient for businesses and individuals across the country.

About Tether Edu

Tether Edu is a global education initiative dedicated to fostering accessibility of digital skills development while promoting self-development and self-realization. As Tether’s educational arm, Tether Edu is responsible for coordinating the various global education programs Tether supports. This platform will provide an innovative educational environment that identifies and implements the latest trends and expertise in specific digital industries.