DIRHAM CRYPTO
Tether and Phoenix Group to launch UAE dirham stablecoin
The new digital money linked to the Emirati currency gives consumers an alternative to Tether’s popular U.S. dollar stablecoin
A physical depiction of the popular digital cryptocurrency Bitcoin. (Photo: Getty Images)
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A new stablecoin pegged to the dirham will be launched by Abu Dhabi tech conglomerate Phoenix Group in collaboration with global cryptocurrency company Tether, as the UAE ramps up efforts to become a global hub for the crypto industry. ...