Abu Dhabi’s Fuze, Oman’s Mamun to Offer USDT-Based Sharia Trade Finance for MENA
- The companies have signed a strategic Memorandum of Understanding (MoU) to enable investment in trade finance through stablecoins, specifically USDT (Tether)
- MENA region has a trade credit gap of approximately $250 billion and over $1 trillion globally
- With this partnership, SMEs should now have access to capital from a broader investor base
Abu Dhabi-based Fuze, a regulated digital assets infrastructure provider, and Mamun, a Sharia-compliant alternative finance and investment platform headquartered in Oman, have signed a strategic Memorandum of Understanding (MoU) to enable investment in trade finance through stablecoins, specifically USDT (Tether).
This partnership allows both retail and institutional investors to participate in short-term, Sharia-compliant trade financing using USDT. Businesses will receive fiat financing in local currency for supplier payments and cross-border trade, opening up access to new forms of financing.
Bridging the $250B MENA Trade Credit Gap for SMEs
The collaboration should help address the trade credit gap since the MENA region has a gap of approximately $250 billion, and over $1 trillion globally. Small and medium-size…
The post Abu Dhabi’s Fuze, Oman’s Mamun to Offer USDT-Based Sharia Trade Finance for MENA appeared first on Coin Edition.
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Abu Dhabi’s Fuze, Oman’s Mamun to Offer USDT-Based Sharia Trade Finance for MENA
- The companies have signed a strategic Memorandum of Understanding (MoU) to enable investment in trade finance through stablecoins, specifically USDT (Tether)
- MENA region has a trade credit gap of approximately $250 billion and over $1 trillion globally
- With this partnership, SMEs should now have access to capital from a broader investor base
Abu Dhabi-based Fuze, a regulated digital assets infrastructure provider, and Mamun, a Sharia-compliant alternative finance and investment platform headquartered in Oman, have signed a strategic Memorandum of Understanding (MoU) to enable investment in trade finance through stablecoins, specifically USDT (Tether).
This partnership allows both retail and institutional investors to participate in short-term, Sharia-compliant trade financing using USDT. Businesses will receive fiat financing in local currency for supplier payments and cross-border trade, opening up access to new forms of financing.
Bridging the $250B MENA Trade Credit Gap for SMEs
The collaboration should help address the trade credit gap since the MENA region has a gap of approximately $250 billion, and over $1 trillion globally. Small and medium-size…
The post Abu Dhabi’s Fuze, Oman’s Mamun to Offer USDT-Based Sharia Trade Finance for MENA appeared first on Coin Edition.
Read More
The Role of Stablecoins in Illicit Activities