{"id":36395,"date":"2024-08-21T13:13:21","date_gmt":"2024-08-21T13:13:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-plans-to-launch-dirham-pegged-stablecoin\/"},"modified":"2024-08-21T13:13:21","modified_gmt":"2024-08-21T13:13:21","slug":"tether-plans-to-launch-dirham-pegged-stablecoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-plans-to-launch-dirham-pegged-stablecoin\/","title":{"rendered":"Tether plans to launch Dirham-pegged stablecoin"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/tether-uae-dirham-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/tether-uae-dirham-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/tether-uae-dirham-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/tether-uae-dirham-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Tether will launch a Dirham-pegged stablecoin in collaboration with Phoenix Group.<\/li>\n<li>New stablecoin will join USDT, EURT and other Tether-issued stablecoins.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/tether\/\">Tether<\/a> plans to add a new stablecoin pegged to the United Arab Emirates\u2019 Dirham to its suite of stablecoins, according to an <a href=\"https:\/\/tether.io\/news\/tether-to-develop-uae-dirham-pegged-stablecoin\/\" target=\"_blank\" rel=\"noopener\">announcement<\/a> on Aug. 21.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per details of the planned launch, Tether will collaborate with Phoenix Group PLC, a UAE-based multi-billion dollar tech behemoth. The new stablecoin initiative will also involve Green Acorn Investments Ltd.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe are thrilled to be working with Tether on bringing a UAE Dirham-pegged stablecoin to the market and are confident of its potential in transforming the digital economy for users across the region and beyond,\u201d Seyedmohammad Alizadehfard, co-founder and Group CEO of Phoenix Group, said.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Tether\u2019s range of stablecoins<\/span><\/h2>\n<p><span style=\"font-weight: 400\">When launched, the Dirham-pegged stablecoin will join a host of Tether tokens that include the world\u2019s largest stablecoin USDT. Other products are the Euro-pegged EURT, Chinese yuan-pegged CNHT, Mexican peso-pegged MXNT, and Tether Gold (XAUT).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tether is seeking regulatory approval for the fiat-backed cryptocurrency, with application made with the UAE Central Bank.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe United Arab Emirates is becoming a significant global economic hub, and we believe our users will find our Dirham-pegged token to be a valuable and versatile addition,\u201d Tether CEO Paolo Ardoino noted in a statement.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As well as launching the range of fiat-backed digital assets, Tether has aggressively expanded its flagship product USDT. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently the top stablecoin with a market cap of over $116 billion, USDT native access is live on major blockchains, including Ethereum and TRON. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The latest blockchain network to see <a href=\"https:\/\/coinjournal.net\/news\/tether-expands-usdt-to-the-aptos-blockchain\/\" target=\"_blank\" rel=\"noopener\">USDT expansion is Aptos<\/a>.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tether-plans-to-launch-dirham-pegged-stablecoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Tether will launch a Dirham-pegged stablecoin in collaboration with Phoenix Group. New stablecoin will join USDT, EURT and other Tether-issued stablecoins. Tether plans to add a new stablecoin pegged to the United Arab Emirates\u2019 Dirham to its suite of stablecoins, according [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":36396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36395"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=36395"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/36396"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=36395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=36395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=36395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}