Dubai developer MAG is accepting stablecoins in property transactions utilizing the services offered by Bahrain-based crypto company CoinMENA. Stablecoins USDT and USDC will now be accepted by MAG in response to investor demand, the developer said. Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, which recently announced an $817 million “bio living” residential development in Meydan, Dubai,stated, “As a catalyst for Dubai's real estate industry, we will spare no effort to progress upon the emirate's digital economy and consolidate its prominent global position.” This is the second real estate developer to team up CoinMENA. Last month it partnered with Carlton Real Estate, a Bahrain-based real estate agency, allowing investors to purchase real estate property using crypto assets. Under the partnership, the real estate broker would accept stablecoins like USDT and USDC.   Talal Tabbaa and Dina Sam’an, founders of CoinMENA, a crypto asset service provider, sa...

  Oman based, cryptocurrency broker, Easy Coins announced on twitter that it had launched its trial of Tether USDT on the Tron Blockchain. Accordingly Easy Coin users in Oman can now purchase TRC20 USDT. At the end of 2021 there were 43 thousand registered crypto wallet addresses in Oman.  LaraontheBlock spoke with Dr. Khalid M.W. Tahhan, Co-Founder, Easy Coins ME on the recent Tether trial. According to Tahhan the reason for choosing to trial tether is that it is the largest stablecoin and there is a huge demand for it in the Omani market. He adds, “Easy Coins is also in the process of launching its own Omani Riyal backed stablecoin which will be backed 1:1 with Omani Riyals, ensuring a better peg than USDT.” While most consider the crypto market to be falling and bearish, Tahhan feels otherwise. He states, “We at Easy Coins believe that Bitcoin will remain competing as a reserve asset. We also believe a lot of the tokens produced from thin air will lose their value. Fi...

  Bahrain regulated CoinMENA, a crypto asset service provider - category 3 license holder has partnered with Carlton Real Estate, a Bahrain-based real estate agency, that allows investors in the Kingdom to purchase real estate property using crypto assets. Under the partnership, the leading Bahrain-based real estate broker will accept stablecoins like USDT and USDC. CoinMENA is a leading crypto asset service provider - category 3 that is regulated and licensed by the Central Bank of Bahrain, serving the Middle East and North Africa (MENA) region. The trading platform allows retail and institutional investors access to digital assets investments and directly connects their bank accounts with their CoinMENA wallets to facilitate quick and frictionless money transfers.  Carlton Real Estate, a Bahrain-based company established in 1996, is a certified broker with a RERA-Bahrain license and offers a wide range of real estate services to corporate and individual clients throughout ...