Dubai court saves stablecoin from collapse!
The currency $TUSD, a stablecoin, faced a major crisis after a dispute among the founders, which ended with one of them "embezzling" about $450 million from the assets backing the currency.
In an unprecedented move, the Digital Economy Court at the DIFC immediately froze these assets.
This news is very positive, as it reflects that the UAE provides a successful model for regulating digital currencies, and all of this ultimately benefits the user and protects their funds.
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