#AbuDhabiStablecoin #AbuDhabiStablecoi

The red carpet of cryptocurrencies in the United Arab Emirates

AED Stablecoin is expected to face competition from Tether, the issuer of the world's largest stablecoin by market capitalization, USDT from Tether leads the list of stablecoins, approaching a market capitalization of 120 billion dollars. Source: CoinGecko

Tether recently stated that it has partnered with local firms Phoenix Group and Green Acorn Investments to introduce its own stablecoin pegged to the dirham