Tether USDt

<ul><li>Tether announces new UAE Dirham-pegged stablecoin, expanding its stablecoin offerings.</li><li>Fully backed by UAE-based reserves, the token promises stability and reliability.</li><li>Designed under UAE Central Bank’s new regulations, enhancing transaction efficiency.</li></ul>Tether, the leading player in the digital asset space, has <a href="https://tether.io/news/tether-to-develop-uae-dirham-pegged-stablecoin/" rel="noopener noreferrer nofollow">announced</a> the launch of a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, set in collaboration with the UAE&#39;s Phoenix Group PLC and Green Acorn Investments Ltd, marks a significant expansion of Tether&#39;s stablecoin portfolio which already includes USDt, EURT, CNHT, MXNT, XAUT, and aUSDT.Stablecoin Features and BenefitsThe new Dirham-pegged token, fully backed by UAE-based liquid reserves, aims to provide a stable and reliable digital representation of the AED. It is designed to facilitate international trade, reduce transaction costs, and offer a safeguard against currency volatility. The stablecoin will be developed under the guidelines of the UAE Central Bank’s Payment Token Services Regulation, ensuring compliance with the highest standards of transparency and security.CEO&#39;s Perspective on the New StablecoinPaolo Ardoino, CEO of Tether, expressed enthusiasm about the launch, noting the UAE&#39;s emergence as a global economic center. He stated, &#34;The UAE Dirham-pegged token will serve as an invaluable tool for anyone needing to conduct transactions in AED, offering benefits for trading, cross-border payments, and asset diversification.”<a href="https://cryptotale.org/tether-launches-dirham-pegged-stablecoin-with-uae-partners/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Tether Launches Dirham-Pegged Stablecoin with UAE Partners

CryptoTale

Autres articles publiés le 22 août 2024

Could Bitcoin’s Transaction Fees Explode Again? A Look Back at the 1.91 BTC per Block Peak

Bitcoin Will Surge If Trump Wins The Election: Tom Lee

Shiba Inu Price Rises Amid Market Recovery

TRON Achieves Record Revenue of $5.33 Million

Indian Authorities Arrest Man for Kidnapping Linked to $2.4B BitConnect Scam

MicroStrategy’s Michael Saylor Forecasts Bitcoin’s Rise to $350,000 by 2024

Join our free newsletter for daily crypto updates!