Dubai is stepping up its push to become a global hub for blockchain and digital finance after DMCC signed a strategic Memorandum of Understanding (MoU) with Tether, the world’s largest digital asset company.
The agreement between DMCC and Tether aims to strengthen collaboration across blockchain infrastructure, digital assets and tokenized finance, supporting the development of innovative financial solutions and expanding the adoption of emerging technologies within Dubai’s rapidly growing digital economy.
“Global trade is entering a new era where financial infrastructure, payments and asset ownership are increasingly moving onto digital rails. Stablecoins are already processing trillions of dollars in transaction value, while tokenization is beginning to reshape how real-world assets are financed and transferred across borders,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC.
Deal to strengthen Dubai’s position at the center of the global digital economy
DMCC and Tether’s memorandum outlines a framework for collaboration to accelerate Tether’s support for blockchain-based communication and payment infrastructure within DMCC, as well as advisory engagement related to tokenization, crypto payments, blockchain applications and digital asset settlements.
The agreement establishes a defined pathway for both parties to become official ecosystem partners across relevant communication channels, websites, events and publications.
Under the framework, DMCC and Tether aim to collaborate on educational programs, industry events, hackathons and broader ecosystem engagement to support the continued growth of Dubai’s digital asset sector and the development initiatives associated with the DMCC Crypto Center.
Tether intends to engage with DMCC’s community of more than 26,000 member companies through knowledge-sharing initiatives and potential member benefits.
“Dubai has acted early to establish the regulatory clarity and infrastructure needed to support this shift, and DMCC is playing a central role in connecting these technologies with global commerce,” said Bin Sulayem.
“Through our agreement with Tether, we will explore new avenues for collaboration across blockchain infrastructure, digital payments and tokenization, marking a further step in scaling innovation and strengthening Dubai’s position at the center of the global digital economy,” he added.
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Agreement to accelerate practical use of blockchain technology across key areas
DMCC continues to strengthen its position as one of the leading ecosystems for Web3 and emerging technologies. Today, DMCC is home to over 26,000 member companies, including more than 4,000 technology firms. This reflects DMCC’s broader strategy to position Dubai as a leading global hub where commodities, capital and technologies converge.
“The UAE is actively shaping how digital asset infrastructure is adopted across global markets and integrated into real economic activity. By combining our expertise with DMCC’s mission, we are focused on accelerating the practical use of blockchain technology across areas such as tokenization and education, and supporting the development of real-world applications, tools, and frameworks that enable broader participation in digital markets,” said Paolo Ardoino, CEO, Tether.
Through its specialized ecosystems spanning global commodities, technology and finance, DMCC continues to build the infrastructure and commercial connectivity required to support the future of international trade.
