RAKBank Wins Race: Dirham Stablecoin Gets Nod
RAKBank has obtained an authorization from the Central Bank of the UAE (CBUAE) to issue a stablecoin pegged against the dirham. RAKBank will enter the stablecoin market of the UAE on Wednesday, having won in-principle approval. The UAE central bank has given the green light to the proposal for a dirham-backed payment token by the...
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