MAG, the UAE’s leading property developer, has signed an agreement with CoinMENA, the Middle East and North Africa’s (MENA) leading crypto asset service provider, to allow cryptocurrency purchases of real estate. According to a press release, MAG will accept stablecoins such as USDC and USDT under the newly signed agreement. Through this latest move the company aims at accelerating Dubai’s new economy.
CoinMENA is a Bahrain-based crypto asset service provider that is regulated and licenced as a crypto asset service provider – category 3 by the Central Bank of Bahrain. CoinMENA enables retail and institutional investors to directly connect their bank accounts to CoinMENA wallets, providing access to crypto asset investment options.
(Reporting by Shikha Singh, Editing by Laxmikant Khanvilkar)
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