Miami’s crypto-settled real estate record broken by $14 million USDT transaction

Miami's real estate market has set a new record with a $14 million USDT crypto-settled transaction. This deal was facilitated by tokenization specialist Propy, involving property firms Ciprés and Rilea Group. This innovative transaction method expands the possibilities for real estate transactions using digital currency and is gaining attention as a decentralized new business model. The benefits include enhanced liquidity and faster settlements between buyers and sellers, especially due to fluctuations in the cryptocurrency market. Miami is known as one of the most crypto-friendly cities globally, and this influence extends into the real estate market. Increasingly, companies are expected to leverage blockchain technology to improve transparency and efficiency in transactions. The success of this transaction may inspire similar movements in other cities, warranting close observation of how this trend develops.