Tether Plans Dirham-Pegged Stablecoin Launch For UAE Expansion

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. This move marks a significant step by the firm in expanding its foothold in the Middle East, while leveraging the region’s growing adoption of blockchain technology.