Tether Operations Limited, the largest company in the digital and crypto asset industry, and BTguru, a leading technology and strategy partner specializing virtual and crypto assets primarily for banks and other financial institutions, have signed a Memorandum of Understanding (MoU) to foster the adoption of digital assets through educational initiatives and tailored projects in Türkiye.
The MoU aims to develop comprehensive educational initiatives to introduce private and public stakeholders to the benefits of Bitcoin, stablecoins, blockchain, and peer-to-peer technology. Tether will also leverage BTguru’s existing connection to foster discussions between them and the respective stakeholders of financial institutions in Türkiye to facilitate knowledge exchange and potential collaboration. Additionally, the MoU will explore real-world asset (RWA) tokenization use cases for banks and financial institutions and evaluate regional payment network scenarios using BTguru Core platform.
According to the International Trade Administration U.S. Department of Commerce, Türkiye is currently ranked as the fourth-largest nation in cryptocurrency transaction volume, a key indicator of the country’s growing interest in and involvement in the digital asset industry. This ranking reflects Türkiye’s increasing adoption of digital assets and blockchain technology, a trend expected to continue as more people recognize the potential benefits of cryptocurreny. Inline to latest crypto industry reports that Türkiye is the fourth worldwide in raw crypto transaction volume, receiving approximately $170 billion over the last year, putting more of its activity into centralized exchanges, as its users appear more focused on acquiring crypto to counteract currency devaluation. With the significant adoption of Cryptocurrency in Türkiye, we are convinced that this MoU will help people make informed decisions in the region.
Tether and BTguru are unwavering in their commitment to helping people thrive in the rapidly evolving digital space. As part of this commitment, they will develop programs and workshops to enhance awareness and understanding of digital assets and blockchain technology among local financial institutions and individuals in Türkiye. These efforts will align with evolving regulatory requirements and standards, ensuring compliance in the dynamic regulatory landscape.
“Tether and BTGuru believe in the transformative power of digital assets and peer-to-peer technologies, and The joint strategies will promote educational initiatives and workshops, providing a solid foundation for the responsible and informed use of digital assets. By forging this alliance with BTGuru, we are excited to be part of a movement that promotes freedom and educates people across Türkiye,” said Paolo Ardoino, CEO of Tether.
“BTguru is excited & proud to project its expertise to an industry giant such as Tether inlight of the maturity of the long awaited digital assets legal framework in Türkiye. As BTguru, we are keen to enable new business lines with Tether and introduce their scale into Türkiye’s banking verticals along with emerging digital assets businesses.
As Türkiye’s banking sector has entered a “new era”. The Turkish banking sector, known for its exemplary practices and business models in payment systems and digital banking, is now poised to make its mark in the global cryptocurrency market as well. With Tether’s contribution to BTguru’s portfolio of banks and other financial institutions, we are already on the fast track to develop new industry best practices. “ said Can Bükülmez, Managing Partner of BTguru.
This MoU marks a significant milestone in advancing digital asset education and adoption in Türkiye. By making digital assets more accessible and understandable, this initiative can make the financial landscape more inclusive and resilient for businesses and individuals across Türkiye.
About Tether and USD₮
Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion, and communication resilience, fosters economic growth, and empowers individuals and businesses alike.
As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.
About BTguru
BTguru is a leading technology and strategy partner specializing in digital &crypto assets, primarily for banks and other financial institutions. BTguru is dedicated to providing comprehensive solutions in the Tokenization of Real World Assets (RWA), Crypto Custody Infrastructure, Blockchain-Based Development Solutions, Advisory Services on Regulatory Compliance, Technology and Business Applications.
BTguru is committed to driving innovation and empowering financial institutions to thrive in the rapidly evolving landscape of virtual crypto assets.
BTguru offers a Digital Assets-as-a-Service platform that enables Banks and Fintech companies to integrate and embed regulated digital assets products in a B2B2C fashion. It also provides end-to-end technology services to enable conventional financial institutions to operate within virtual and crypto assets space. BTguru is committed to fostering the growth and adoption of digital assets through innovative and secure solutions.
