Golden Finance reported that stablecoin issuer Tether revealed plans to develop a new stablecoin pegged to the UAE dirham (AED). Paolo Ardoino, CEO of Tether, said: "The UAE is an important global economic center, and the new stablecoin is designed to meet the needs of businesses and individuals seeking to conduct secure and efficient transactions in the UAE dirham, including cross-border payments, transactions and asset diversification."