Tether announces that it will issue a stablecoin pegged to the UAE dirham on the TON chain
Alessandro Giori, the Senior Strategy Officer at Tether, announced at the TON Gateway event in Dubai that they will issue a stablecoin pegged to the United Arab Emirates dirham on the TON blockchain. The stablecoin project is a collaboration between Tether, UAE-based Phoenix Group, and Green Acorn Investments, and will be fully backed by local liquidity assets in the UAE. Additionally, Giori also announced that USDT on the TON chain will be integrated into the digital asset platform Fireblocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Over 92.3% Price Pump Await FLOKI Holders as the Memecoin Turned Altcoin Shows Strong Bullish Indicators
Monkey Tilt Raises $30M to Redefine Online Gaming with Crypto and Classic Casino Features
$47B in BTC may flow into Bitcoin L2s by 2030 — Galaxy Research
Mara Holdings raises $1B for Bitcoin acquisition, debt buyback