{"id":27337,"date":"2024-08-21T21:15:33","date_gmt":"2024-08-21T18:15:33","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27337"},"modified":"2024-08-21T19:07:20","modified_gmt":"2024-08-21T16:07:20","slug":"tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners\/","title":{"rendered":"Tether Plans to Launch Dirham Backed Stablecoin with UAE Partners"},"content":{"rendered":"<p>Tether has announced that it will be collaborating with UAE-based Phoenix Group PLC and Green Acorn Investments Ltd to launch a new stablecoin pegged to the United Arab Emirates (UAE) Dirham (AED). The move aims to enhance international trade and remittances.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners\/#Tether_to_Launch_Dirham_Stablecoin_with_UAE_Partners\" title=\"Tether to Launch Dirham Stablecoin with UAE Partners\">Tether to Launch Dirham Stablecoin with UAE Partners<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners\/#Tether_Expands_to_the_UAE_Market\" title=\"Tether Expands to the UAE Market\">Tether Expands to the UAE Market<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tether_to_Launch_Dirham_Stablecoin_with_UAE_Partners\"><\/span>Tether to Launch Dirham Stablecoin with UAE Partners<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tether, the largest stablecoin provider in the digital asset sector, has announced that its new stablecoin will be pegged to the UAE Dirham (AED). According to a press release shared with Cointelegraph, the new stablecoin will be launched in partnership with UAE-based Phoenix Group PLC and Green Acorn Investments Ltd.<\/p>\n<p>The collaboration aims to create a digital representation of the Dirham that is fully backed by liquid UAE reserves. \u201cIn line with Tether\u2019s transparent and robust reserve standards, each Dh2 token is designed to be tied to the value of the AED, ensuring stability and trust in its value.\u201d<\/p>\n<p><em>You might be interested: <a href=\"https:\/\/coinengineer.net\/blog\/tether-mints-another-1b-usdt-on-tron-network\/\">Tether Mints Another $1B USDT on Tron Network<\/a><br \/>\n<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tether_Expands_to_the_UAE_Market\"><\/span>Tether Expands to the UAE Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tether\u2019s expansion into the UAE financial market with its new Dh2 stablecoin aims to provide users with a cost-effective way to access the benefits of the AED. The new stablecoin will \u201cfacilitate international trade and remittances,\u201d the press release states, while reducing transaction fees and providing protection against currency fluctuations.<\/p>\n<p>Tether CEO Paolo Ardoino said the firm was \u201cdelighted\u201d to add the Dh2 stablecoin to its stablecoin offering. \u201c[The UAE] is becoming a major global economic hub and we believe our users will find our Dirham-pegged token a valuable and versatile addition,\u201d Ardoino said.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether has announced that it will be collaborating with UAE-based Phoenix Group PLC and Green Acorn Investments Ltd to launch a new stablecoin pegged to the United Arab Emirates (UAE) Dirham (AED). The move aims to enhance international trade and remittances. Tether to Launch Dirham Stablecoin with UAE Partners Tether, the largest stablecoin provider in<\/p>\n","protected":false},"author":6,"featured_media":18609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8064,118,4286,8063,8062],"class_list":["post-27337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-bae-dirham","tag-tether","tag-tether-usdt","tag-tether-bae","tag-tether-dirham"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether Plans to Launch Dirham Backed Stablecoin with UAE Partners - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether Plans to Launch Dirham Backed Stablecoin with UAE Partners - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Tether has announced that it will be collaborating with UAE-based Phoenix Group PLC and Green Acorn Investments Ltd to launch a new stablecoin pegged to the United Arab Emirates (UAE) Dirham (AED). 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Tether to Launch Dirham Stablecoin with UAE Partners Tether, the largest stablecoin provider in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-21T18:15:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-21T16:07:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/tether-usdt-stablecoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"760\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/tether-plans-to-launch-dirham-backed-stablecoin-with-uae-partners\/\",\"name\":\"Tether Plans to Launch Dirham Backed Stablecoin with UAE Partners - 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