Odaily Planet Daily News: Tether, the developer of the world's largest stablecoin, said it plans to work with Phoenix Group (PHX), a cryptocurrency group listed in Abu Dhabi, to launch a token pegged to the UAE dirham. 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." (Coindesk)