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Tether, the largest stablecoin provider, has expanded its market to UAE.

Tether has teamed up with Phoenix Group and Green Acorn Investments to bring a Dirham-pegged stablecoin to the UAE.

Tether, the major stablecoin issuer, has announced plans to create a new stablecoin linked to the United Arab Emirates Dirham (AED).

Tether, the issuer of the USDT stablecoin, announced its collaboration with Phoenix Group and Green Acorn Investments to develop a new stablecoin pegged to the United Arab Emirates Dirham (AED). The initiative is set to “lead the way” in seeking licensing under the country's new regulatory framework and facilitate transactions.

As the Bitnance ICO moves towards 60,000 tokens acquired by various wallet addresses of investors, the crypto brand has opened more onramps for payment. Previously, traders could only buy into the token presale with BNB coins. Finally, investors can buy the ‘Bitcoin of the Binance Chain' with credit card, ETH, and USDT now.

At press time, Tether's dominance in the stablecoin sector is unparalleled, with USDT capturing a commanding 70% market share. Its closest competitor, USDC, holds around 20.8%.

Its worldwide growth ambition takes a major step forward with this development. The issuer has announced a partnership with the UAE's tech giant, Phoenix Group.

Tether has announced plans to launch a stablecoin pegged to the United Arab Emirates Dirham (AED). The token will be fully backed by liquid reserves based in the UAE, ensuring stability for users.

Stablecoin issuer Tether (USDT) is announcing new plans to launch a new digital asset pegged to the Dirham (AED), the currency of the United Arab Emirates (UAE).

Tether, the issuer of biggest stable coin USDT is planning to launch a stablecoin tied to the UAE Dirham. This is a huge step for Tether as they expand their reach into the Middle East, a region that's quickly embracing blockchain technology. Let's understand what they are planning and how it affects the crypto community.

Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments.

The innovative stablecoin by Tether aims to revolutionize transactions in the United Arab Emirates

Tether wants to launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham (AED). The company announced the move today, noting that it will launch the new stablecoin in partnership with Green Arcon Investments Ltd and Phoenix Group PLC.

On August 21, Tether, the stablecoin issuer behind USDT, announced plans to introduce a new stablecoin pegged to the United Arab Emirates Dirham (AED). The forthcoming stablecoin, developed in collaboration with UAE-based tech conglomerate Phoenix Group PLC and with support from Green Acorn Investments Ltd, marks the latest addition to Tether's growing portfolio of stablecoins.

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.