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$BTCS How Tether’s new UAE Dirham stablecoin fits into crypto adoptionTether, the largest stablecoin issuer, has announced a milestone move to launch another stablecoin pegged to UAE dirham. According to the firm’s report, the company is set to launch a new stablecoin in partnership with Phoenix Group and Green Investments. Tether through a press release shared through the official websites announced the milestone adding thatNotably, the entrance of Tether into UAE markets show the significance of the UAE crypto industry on the global stage. Recently, a court in UAE ruled that cryptocurrencies are legal tenders and can be used to pay salaries. Over the past few years, the UAE has become a crypto hub with an increased user base. Therefore, as Tether’s press release posits, Dirham pegged stablecoin will streamline international trade, and reduce transaction costs and remittances. Since 2022, the Crypto market in UAE has expanded after the establishment of the Virtual Asset Recovery Authority. Therefore, a favorable regulatory framework makes the UAE a suitable