Tether and RAK DAO Partner to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah

Tether
Operations
Limited,
a
leading
company
in
the
digital
asset
industry,
has
announced
the
signing
of
a
Memorandum
of
Understanding
(MoU)
with
RAK
Digital
Assets
Oasis
(RAK
DAO).
This
MoU
marks
the
initial
step
toward
launching
several
strategic
initiatives
aimed
at
fostering
the
adoption
of

Bitcoin
technology
and
stablecoins
in
Ras
Al
Khaimah
(RAK),
the
northernmost
emirate
of
the
United
Arab
Emirates.
The
collaboration
will
see
Tether
and
RAK
DAO
work
together
to
facilitate
the
adoption
of
crypto
payments
in
the
region
and
develop
blockchain-focused
educational
programs.

Partnership
to
Drive
Crypto
Adoption
and
Blockchain
Education

RAK
DAO
is
the
world’s
first
and
only

common
law
Free
Zone
dedicated
to
digital
and
virtual
asset
companies.
It
is
central
to
the
region’s
efforts
to
advance
Web3
innovation
and
stimulate
economic
growth
in
the
emirate.
Recently,
Tether
launched
its
educational
arm,
Tether
Edu,
which
will
spearhead
initiatives
for
individuals
of
varying
skill
levels.
These
initiatives
will
cover
advanced
fields
such
as
Bitcoin,
blockchain,
peer-to-peer
technologies,
stablecoin
adoption,
and
practical
use
cases
of
crypto.

To
date,
RAK
DAO
has
attracted
interest
from
over
100
businesses.
Consequently,
Tether
will
work
closely
with
RAK
DAO
on
comprehensive
initiatives
designed
to
educate
and
empower
local
businesses,
creating
new
opportunities
for
growth
and
innovation.

Paolo
Ardoino,
CEO
of
Tether,
expressed
his
enthusiasm
about
the
partnership,
stating,

“Tether
is
proud
to
collaborate
with
RAK
DAO
to
realize
the
promise
of
Bitcoin
and
blockchain
technology
in
the
region.
Ras
Al
Khaimah,
as
the
home
to
the
world’s
first
and
only
Free
Zone
dedicated
to
the
proliferation
of
digital
asset
endeavors,
is
well-positioned
to
become
the
region’s
leading
hub
of
blockchain
technology
and
innovation.
Tether
is
committed
to
working
with
RAK
DAO
to
make
this
vision
a
reality.”

Dr.
Sameer
Al
Ansari,
CEO
of

RAK
DAO,
also
commented
on
the
collaboration,
saying,
“This
partnership
with
Tether
marks
a
significant
milestone
in
RAK
DAO’s
journey
to
becoming
a
leading
hub
for
blockchain
innovation.
By
leveraging
the
power
of
Bitcoin
technology
and

cryptocurrencies,
we
aim
to
drive
economic
growth,
foster
financial
inclusion,
and
position
RAK
DAO
as
a
global
leader
in
the
digital
economy.”

About
Tether
Edu

Tether
Edu
is
a
global
educational
initiative
focused
on
making
digital
skills
development
accessible
while
promoting
self-development
and
self-realization.
As
Tether’s
educational
division,
Tether
Edu
coordinates
the
various
global
education
programs
supported
by
Tether.
This
platform
aims
to
create
an
innovative
educational
environment
that
identifies
and
implements
the
latest
trends
and
expertise
in
specific
digital
industries.

Tether
Signs
MOU
With

@RAK_DAO
To
Develop
Educational
Initiatives
on

#Bitcoin
and
Stablecoins
in
the
Ras
Al
Khaimah
Region
Read
more:

https://t.co/rEat5cbiTg

pic.twitter.com/m8FJVMaHtP

—
Tether
(@Tether_to)

May
14,
2024

SMOG:
Revolutionizing
the
Meme
Coin
Arena
with
Its
Gamified
Airdrop
Strategy

The
meme
coin
named
SMOG
has
quickly
established
itself
as
one
of
the
premier
Solana-based
cryptocurrencies
of
the
year,
experiencing
a
surge
of
over
1000%
in
value
following
its
launch
on
Jupiter
DEX.
This
digital
asset,
drawing
inspiration
from
the
dragon
character
“Smog”
in
the
Hobbit
series,
embodies
a
mystical
theme
within
the
Solana
ecosystem,
aiming
to
rejuvenate
the
meme
coin
market
with
its
unique
allure.

SMOG
is
not
just
another
meme
coin;
it
has
set
itself
apart
by
announcing
what
many
are
calling
the
most
ambitious
airdrop
ever.
This
initiative
includes
a
gamified
system
where
token
holders
engage
in
various
activities
to
earn
airdrop
points
on
a
regular,
scheduled
basis.
The
project’s
strategy
incorporates
daily,
weekly,
and
monthly
tasks
that
contribute
to
this
interactive
airdrop
experience.

The
development
team
behind

SMOG,
equipped
with
extensive
experience
in
the
web3
space,
further
reinforces
the
project’s
credibility
as
a
top
cryptocurrency
investment
for
2024.
The
project’s
dynamics
are
designed
to
mirror
the
initial
market
responses
seen
with
other
Solana-based
tokens
like
BONK
and
Myro,
but
with
added
features
that
enhance
its
appeal.

Originally,
SMOG
could
only
be
acquired
by
exchanging
SOL.
However,
recent
developments
have
introduced
an
ETH
bridge,
expanding
purchasing
options
to
include
ETH,
and
directly
from
the
project’s
website.
The
addition
of
staking
capabilities
has
also
enhanced
its
functionality
and
appeal.

The
project’s
roadmap,
infused
with
its
inherently
memetic
nature,
outlines
plans
for
multiple
airdrops
that
add
a
layer
of
gamification
to
the
entire
venture.
SMOG
aims
to
ascend
as
the
leading

meme
coin
in
the
Solana
ecosystem,
eventually
becoming
the
reigning
SOL
king.

Recent
updates
have
highlighted
SMOG’s
growing
influence
and
success.
As
of
early
March
2024,
CoinMarketCap
data
indicated
that
SMOG
was
among
the
biggest
gainers,
boasting
a
market
capitalization
exceeding
$20
million.

Visit
Smog

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