$14M Miami real estate deal settled with USDT

A $14 million real estate transaction in Miami has been settled using USDT, CoinDesk reported. The deal, for five commercial units in the Wynwood neighborhood, was facilitated by real estate tokenization firm Propy. The buyer purchased the properties from Miami-based developer Mohawk, with each payment reportedly completed in under 60 seconds. According to the report, this marks the largest cryptocurrency-based real estate transaction in the Miami market to date.