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Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group

The largest stablecoins are all pegged to the U.S. dollar, while those linked to other currencies are comparatively small. The central banks licensing framework for dirham stablecoins could give them a boost, especially given the reputations of Dubai and ...

Posted by Hicham ALAOUI RIZQ on 2024, Aug 21

Introduction

The largest stablecoins are all pegged to the U.S. dollar, while those linked to other currencies are comparatively small. The central banks licensing framework for dirham stablecoins could give them a boost, especially given the reputations of Dubai and ...

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