Tether Announces Plans for UAE Dirham-Pegged Stablecoin

Quick Summary:

The proposed Dirham-pegged token will join Tether's existing lineup of stablecoins, which includes those pegged to the US Dollar and Euro.

Tether has yet to receive an audit from one of the Big Four accounting firms, Deloitte, PwC, EY and KPMG, which Ardoino has stated is a “top priority” for the firm.

Tether's USDT stablecoin, the largest by market share,  currently has a reported market cap of over $117 billion per data from CoinGecko.

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Article Details

Author / Journalist: Murtuza Merchant

Category: Crypto

Markets: EstoniaUnited Arab Emirates

Topics: Coins Dirham UAE Stablecoin United arab emirates Tether

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 10:30:13 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 22193879

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

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Publisher ID: #63

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