Tether Partners Reku to Launch Extensive Educational Roadshow Across Indonesia

Largest stablecoin issuer, Tether has partnered with Reku, a cryptocurrency exchange firm in Indonesia to strengthen cryptocurrency adoption in the country.

Stablecoin issuer Tether has partnered with Reku, a cryptocurrency exchange in Indonesia, to enhance crypto adoption in the country.

According to a blog post by Tether on Monday, the partnership will broaden Indonesians' understanding of cryptocurrency assets and blockchain technology.

The project will involve a roadshow across ten major cities in Indonesia, as part of the partnership. It will take place from September 2024 to March 2025.

The roadshow will cover cities such as Bali, Medan, Yogyakarta, Surabaya, and Malang. It will also include Padang, Palembang, Pekanbaru, and Balikpapan, with the grand finale in Jakarta.

The partnership will also prioritize educational activities in Indonesia. Both parties will highlight the benefits of blockchain, crypto assets, and peer-to-peer technologies.

This will empower Indonesians to make informed decisions when engaging with digital assets, according to the announcement.

Paolo Ardoino, Chief Executive Officer of Tether, said both partners share a common vision of advancing crypto literacy.

“We are excited to combine our expertise with Reku to collectively promote knowledge on crypto assets and blockchain technology across Indonesia,” he added.

Jesse Choi, Co-Chief Executive Officer of Reku, said the exchange is honored to formalize the partnership with Tether.

“We aim to educate thousands of participants through this initiative, and we hope that after the roadshow campaign, more Indonesians will become familiar with crypto assets and blockchain technology,” Choi said.

The educational initiative is part of Tether's efforts to drive crypto adoption in emerging markets, according to the stablecoin issuer.

A key component of this initiative is the recently established Tether EDU, which aims to teach individuals and communities about digital assets and their applications.

In August, Tether also partnered with Phoenix Group PLC to launch a stablecoin pegged to the United Arab Emirates Dirham (AED).

The newly launched stablecoin is backed by Liquid UAE-based reserves. The firm also sought approval from the Payment Token Services Regulation of the UAE Central Bank.