A groundbreaking $14 million real estate transaction in Miami has been completed using USDT, marking the largest cryptocurrency-based property deal in the city's history. The transaction involved the sale of five commercial units in the Wynwood neighborhood by developer Mohawk to an undisclosed buyer, facilitated through the Propy platform. This deal underscores the growing acceptance of stablecoins for high-value asset transfers, offering a glimpse into the future of real estate financing. The transaction was completed in under 60 seconds, showcasing the efficiency of blockchain-based settlements compared to traditional banking systems. Propy's platform utilized smart contract technology to automate escrow, title transfer, and payment processes, with USDT providing price stability throughout. This development aligns with Miami's position as a crypto-friendly hub, bolstered by initiatives from Mayor Francis Suarez to integrate digital assets into municipal operations. Industry experts note that this transaction could pressure traditional financial institutions to enhance their settlement systems and attract international investors seeking streamlined cross-border property purchases. As regulatory frameworks evolve, the use of cryptocurrency in real estate is expected to grow, potentially reshaping transaction standards globally.