Tether partners with UAE firms to launch regulatory-compliant AED stablecoin

Tether wants to launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham (AED). The company announced the move today, noting that it will launch the new stablecoin in partnership with Green Arcon Investments Ltd and Phoenix Group PLC. The new stablecoin will be fully backed by liquid reserves based in the UAE. […] source: https://www.cryptopolitan.com/tether-to-launch-compliant-aed-stablecoin/