Abu Dhabi institutional giants team up for dirham stablecoin
A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new...
Dirham
Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates...
UAE plans to launch digital dirham this year to boost financial inclusion and fight crime
The Central Bank of the United Arab Emirates (CBUAE) said its Digital Dirham would launch for retail use in the...
UAE’s Central Bank Initiates Historic Cross-Border Digital Dirham Transfer to China
On January 29, Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE,...