Official announcement from the Turkish government or Tether

Tether Proposes Blockchain Tokens for Turkey's Boron Market, Holding 70% of World's Supply

Oct 24, 2024, 12:02 PM

Tether, a prominent stablecoin issuer, has proposed to the Turkish government the use of blockchain technology to create digital tokens representing borate minerals. Turkey, which holds 70% of the world's boron supply, is being targeted by Tether to modernize its boron market through digital assets. This initiative highlights the growing use case for blockchain in real-world assets and aims to drive financial modernization in emerging markets.