🇦🇪 Tether Launches Stablecoin Pegged to the UAE Dirham

Alessandro Giori, Director of Strategic Partnerships at Tether, announced the upcoming launch of a stablecoin backed by the dirham on the TON blockchain during the TON Gateway event in Dubai.

📍 To support this initiative, Tether has partnered with UAE-based companies Phoenix Group and Green Acorn Investments.

📍 The new stablecoin will be backed by UAE assets to ensure stability and security.

Tether is expanding into the Middle East market, in line with the UAE’s vision 🇦🇪 to become a global hub for digital assets and blockchain technology.