Tether and Reelly Tech Bring USDt to UAE Real Estate
Date: 2025-02-07 Author: Oliver Abernathy Categories: BUSINESS
As part of the agreement, Reelly Tech platform customers will be able to use USDt to make purchases through 30,000 agents in the UAE and abroad. The companies also plan to create educational materials to raise awareness of the benefits of using stable cryptocurrencies in real estate.
The Dubai real estate market is experiencing rapid growth, with sales in the planning stage increasing by 27% in 2024. Tether and Reelly Tech hope to capitalize on this trend by promoting innovative financial solutions using cryptocurrency.
Reelly Tech, founded in 2020, connects agents in the UAE and international markets and provides not only property listings but also project analytics, AI solutions, and educational materials.
The partnership with Reelly Tech comes amidst Tether’s successful moves in the region. In December 2024, USDt was officially recognized as a virtual asset in Abu Dhabi, and in August 2024, the company announced the launch of a stablecoin pegged to the UAE dirham.
The partnership between Tether and Reelly Tech thus opens up new opportunities for UAE property buyers by offering the use of cryptocurrencies to facilitate transactions.
