Tether Launches Stablecoin Pegged to Dirhams While the market went hunting for weak shorts, wanted to share some cool bullish news with you. At the TON Gateway event held in Dubai, Tether's Senior Manager of Strategic Partnerships Alessandro Ghiori announced that Tether's UAE dirham-linked steblecoin will launch on The Open Network (TON) blockchain. Back in August, Tether announced that it was working with Phoenix Group and Green Acorn Investments of the UAE to create a UAE dirham-backed stablecoin. It will be fully backed by liquid reserves based in the UAE.

Exciting news from Tether! The launch of a stablecoin pegged to Dirhams on the TON blockchain is a significant step towards crypto adoption in the UAE. This move not only enhances the stability of the crypto market but also opens up new opportunities for investors in the region. Looking forward to seeing the impact of this development!