PANews reported on June 16 that Tether announced the signing of a Memorandum of Understanding (MoU) with the Dubai Multi Commodity Centre (DMCC) to collaborate on asset tokenization, digital asset education, and blockchain applications. Headquartered in Dubai, the DMCC houses over 26,000 companies and accounts for approximately 15% of Dubai's foreign direct investment. The two companies plan to provide DMCC businesses with blockchain workshops, customized consulting, digital asset pilot projects, and tokenization solutions, and explore the use of peer-to-peer digital communication and payment systems to improve the business experience and infrastructure within the complex. Tether will also participate in educational programs and hackathons through the DMCC Crypto Centre to promote blockchain literacy and compliant innovation.