Tether to Introduce Dirham Stablecoin in Partnership with UAE Partners Phoenix Group PLC and Green Acorn Investments Ltd., two UAE-based businesses, have partnered with Tether to establish a new stablecoin linked to the dirham. On August 21, leading stablecoin issuer Tether announced the launch of a stablecoin pegged to the United Arab Emirates dirham (AED). This move is part of a strategic partnership with two prominent UAE-based companies, Phoenix Group PLC and Green Acorn Investments Ltd.
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The EigenLayer Foundation has announced an upcoming rewards program that will reward stakers and operators for securing Actively Validated Services. Ethereum restaking protocol is also introducing a new incentive program that will offer 4% of the EigenLayer (EIGEN) total supply. EigenLayer links different restaking protocols, and stakers and operators help secure AVSs by restaking their ETH. In return, they receive staking rewards. When the new initiatives launch, it will be the first time the stakers and node operators get token-based rewards directly from AVSs via the EigenLayer protocol. Meanwhile, 4% of the supply will be shared with recipients through “rewards boost” distributions as part of the new EIGEN programmatic incentives program. In this case, stakers and operators will receive rewards proportional to AVSs’ distribution. What it means is that the more AVSs a network participant supports, the more tokens the EigenLayer Foundation will distribute to them.
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Hey, world! 🌍
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