#TetherAEDLaunch

The recent launch of Tether's Dirham-pegged stablecoin (AEDt) is strategically significant for both Tether and the UAE. This new stablecoin, pegged to the UAE Dirham (AED), will be available on the TON blockchain, known for its scalability and fast transactions, allowing Tether to meet the region's growing demand for localized digital assets and reduce reliance on dollar-pegged stablecoins. The UAE’s favorable regulatory environment, shaped by its pioneering Virtual Asset Regulatory Authority, is enhancing its status as a global crypto hub, especially as digital finance expands rapidly in the region.$

Tether’s partnership with the UAE-based Phoenix Group aims to build a secure ecosystem around AEDt. Fully backed by Dirham reserves, the coin addresses stability concerns and offers businesses and individuals a reliable means to transact and hold AED digitally. Tether sees this initiative as a critical step in serving underbanked markets and providing more accessible financial solutions in emerging economies. Additionally, this new venture highlights Tether’s strategy to tap into Gulf markets and underscores the TON blockchain’s growing relevance within the crypto landscape【6†source】【7†source】【8†source】.