Manama — October 21, 2025: Bahrain FinTech Bay (BFB), the Kingdom’s leading fintech hub, has signed a Memorandum of Understanding (MoU) with Tether, the world’s largest digital asset company, to accelerate blockchain adoption and strengthen digital asset education across Bahrain.
The partnership aims to position Bahrain as a regional leader in blockchain innovation, leveraging the Central Bank of Bahrain’s (CBB) newly introduced stablecoin regulatory framework. This framework establishes clear standards for licensing, reserve management, and real-time attestation for stablecoin issuers — a key step toward ensuring transparency and trust in digital financial ecosystems.
Under the MoU, BFB and Tether will collaborate on initiatives that promote community engagement, knowledge transfer, and talent development in key areas such as stablecoins, tokenisation, and decentralized finance (DeFi). The agreement also seeks to attract international investment and expertise, reinforcing Bahrain’s growing reputation as a hub for compliant and sustainable blockchain development.
The partnership aligns with Bahrain’s broader national strategy to foster digital transformation and financial innovation, supporting the Kingdom’s long-term goals of diversification and competitiveness within the global fintech landscape.
