Tether Partners with Phoenix to Launch Dirham-Backed Stablecoin

Tether has announced plans to launch a new stablecoin backed by the United Arab Emirates Dirham (AED). This program was launched in cooperation with the UAE’s Phoenix Group and Green Acorn Investments to enhance remittance services. The new stablecoin will be fully backed by UAE-based reserves so that the value will be equal to the […] source: https://www.thecoinrepublic.com/2024/08/21/tether-partners-with-phoenix-to-launch-dirham-backed-stablecoin/