Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group

Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group

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Source: Coindesk.com

The largest stablecoins are all pegged to the U.S. dollar, while those linked to other currencies are comparatively small. The central bank's licensing framework for dirham stablecoins could give them a boost, especially given the reputations of Dubai and Abu Dhabi as crypto hubs.

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The post "Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group" appeared first here Coindesk.com.

Source: Coindesk.com

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