Tether announces that it will issue a stablecoin pegged to the UAE dirham on the TON chain

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Cointime2024/11/01 13:11

By:Cointime

Alessandro Giori, the Senior Strategy Officer at Tether, announced at the TON Gateway event in Dubai that they will issue a stablecoin pegged to the United Arab Emirates dirham on the TON blockchain. The stablecoin project is a collaboration between Tether, UAE-based Phoenix Group, and Green Acorn Investments, and will be fully backed by local liquidity assets in the UAE. Additionally, Giori also announced that USDT on the TON chain will be integrated into the digital asset platform Fireblocks.

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