#AbuDhabiStablecoin Tether, the world's largest stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). This initiative aims to meet the growing demand for the Gulf currency and offer an alternative to the U.S. dollar in digital transactions.

Key Details

Pegged to AED: The upcoming stablecoin will be fully backed by liquid UAE-based reserves, ensuring a 1:1 peg to the dirham.

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