The #UAE #dirham will be the cornerstone of new stablecoins, according to a former #SoftBank Group official.

_Akshay Nahita, the veteran businessman who was serving as Senior Vice President of Investments at the famous SoftBank Group, announced the launch of a new company in Abu Dhabi, in preparation for his entry into the world of stable currencies and exploring the possibility of launching a stable currency linked to the Emirati dirham. According to what was published by Bloomberg, the new company will be based in the Abu Dhabi Global Market, and the company will be the starting point for a strategic cooperation with the Hong Kong-based company “DRAM Trust”, which is famous for its close association with many wealthy figures, with the aim of harnessing the potential of the stable currency market. Which Bernstein Financial Consulting analysts expect will reach $2.8 trillion in the next half decade.

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