đšđłTether has introduced a new stablecoin pegged to the UAE dirham (AED), developed in partnership with Phoenix Group and Green Acorn Investments. đłđłđšđš
This initiative is designed to enhance the accessibility and usability of the UAEâs currency, while also offering protection against currency fluctuations. The stablecoin is expected to seek approval under the UAE Central Bankâs Payment Token Services Regulation.
Paolo Ardoino, CEO of Tether, emphasized the UAE's increasing role as a global economic center and expressed optimism that the dirham-pegged stablecoin will benefit both businesses and individuals. This new token will join Tether's existing range of fiat-pegged stablecoins, including USDT and EURT.
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