According to Foresight News, Tether's Senior Strategic Partnership Manager, Alessandro Giori, announced at the TON Gateway event in Dubai that Tether will issue a stablecoin pegged to the UAE Dirham (AED) on the TON blockchain.
This development marks a significant step for Tether as it expands its range of stablecoins to include one linked to the UAE's national currency. The introduction of the AED-pegged stablecoin on the TON blockchain aims to enhance financial transactions and provide a stable digital currency option within the region.
The TON blockchain, known for its scalability and efficiency, is expected to support the seamless integration and operation of the new stablecoin. This move aligns with Tether's strategy to diversify its offerings and cater to different markets by providing stable digital currencies pegged to various fiat currencies.
