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Tether stablecoin issuer has added 3 billion USDT to its circulating supply in just one week. The addition of new tokens has raised concerns among traders and analysts about its effect on the cryptocurrency market.
Once launched, the new product will join Tether's other stablecoins, including those pegged to the US dollar (USDT), the European euro (EURT), Mexican pesos (MXNT), Chinese yuan (CNHT), and Tether Gold (XAUt), which tracks the value of physical gold.
USDT issuer Tether plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED) in collaboration with the Phoenix Group and Green Acorn, according to an Aug. 21 statement shared with CryptoSlate.
Tether is partnering with Phoenix Group to launch a stablecoin pegged to the UAE Dirham, supported by Green Acorn Investments.
The leading stablecoin issuer Tether has recently caught the eyes of the crypto market participants with its recent announcement. In a recent X post, the USDT issuer revealed its plan to develop and launch a UAE Dirham-pegged stablecoin.
Tether, a leading issuer in the stablecoin market, has announced ambitious plans to introduce a new stablecoin pegged to the United Arab Emirates Dirham (AED). This development, unveiled in a recent press release, marks a significant expansion for Tether into the UAE's burgeoning crypto landscape.
Tether's Dirham-pegged stablecoin aims to offer a secure and efficient solution for UAE transactions, including cross-border payments and trading.
Stablecoin issuer Tether has disclosed plans to launch a stablecoin pegged to the United Arab Emirates dirham. In an Aug. 21 announcement, the world's largest stablecoin issuer Tether Inc.
Tether, a top Bitcoin (BTC) holder focused on the real-world assets (RWA) tokenization space, has announced plans to develop a new stablecoin that is pegged in the United Arab Emirates Dirham (AED).
The world's largest stablecoin, Tether, said on Wednesday it plans to provide a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps demand for the Gulf currency and seeks to offer alternatives to the U.S. dollar.
The proposed Dirham-pegged token will join Tether's existing lineup of stablecoins, which includes those pegged to the US Dollar and Euro.
Tether plans to launch a stablecoin pegged to the UAE dirham, in collaboration with Phoenix Group and Green Acorn Investments.
Tether's Dirham-pegged stablecoin could enhance UAE's digital economy, streamline international trade, and reduce transaction costs. The post Tether introduces UAE Dirham-pegged stablecoin appeared first on Crypto Briefing.
Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank's Payment Token Services Regulation.
Tether teams up with UAE's Phoenix Group PLC and Green Acorn Investments to launch a Dirham-backed stablecoin, enhancing international trade and remittances.
Michael Saylor's tweet suggests Bitcoin's upcoming endless rise as Tether Treasury mints 1 billion USDT.
Tether has minted $1 billion USDT on the Tron network, part of a broader effort to manage liquidity and meet the growing demand for stablecoins.
Blockchain data revealed that Tether's latest operation involved the creation of $1 billion in USDT tokens on Tron, which were subsequently transferred to the Tether Treasury wallet. This news was highlighted by Look on chain, an on-chain analytics platform that tracks such movements.
Just as USDT reigns supreme among stablecoins, Bitcoin dominates the broader crypto landscape.
On August 21, leading stablecoin issuer Tether announced the launch of a stablecoin pegged to the United Arab Emirates dirham (AED). This innovative move is part of a strategic partnership with two prominent UAE-based companies, Phoenix Group PLC and Green Acorn Investments Ltd.
Blockchain data shows that stablecoin issuer Tether has minted over $33 billion in USDT over the last year. According to blockchain tracking firm Lookonchain, $33 billion in USDT has been minted on the Tron (TRX) and Ethereum (ETH) blockchains.
The total amount of USDT tokens minted in the last year by Tether has reached $33 billion. Tether may also mint USDT in advance of its formal issuance in order to have a steady supply.
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain.
Tether, the issuer of the most capitalized stablecoin, minted $1 billion USDT tokens on Tron today, adding to a stockpile of prints this month.
