#Tether , the world's largest #stablecoin platform, in collaboration with #Phoenix Group, a specialist in cryptocurrency mining and blockchain technology, is set to launch a new stablecoin pegged to the UAE dirham. This move aims to capitalize the growing demand for the UAE dirham and offer alternatives to the US dollar.

The launch date has not been determined yet, but Paolo Ardoino, Tether's CEO, indicated that obtaining a license from the UAE Central Bank is the "next step," which will take few months.

#Crypto #UAEDirham

JUST IN: 🇦🇪 UAE's Central Bank approves the launch of a AED stablecoin
This is bullish, and you are still believing and planning short term stuff, #UAEDirham
$BTC