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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.