Deep Tide TechFlow reports that on November 1, Tether's Senior Strategic Partnerships Manager Alessandro Giori announced at the TON Gateway event held in Dubai that a stablecoin pegged to the United Arab Emirates Dirham will be issued on the TON blockchain. This stablecoin project is being developed in collaboration with Tether, the UAE Phoenix Group, and Green Acorn Investments, and will be fully backed by local liquidity assets in the UAE. Additionally, Giori announced that USDT on the TON chain will be integrated with the digital asset platform Fireblocks.
According to previous news, Tether plans to launch a stablecoin pegged to the United Arab Emirates Dirham (AED).
