Tether’s recent announcement to launch a stablecoin pegged to the UAE’s dirham signals the next phase in the evolution of the global cryptocurrency market. It underscores both the ongoing trend of de-dollarization and the risks that come with investing in such volatile assets. As the global financial landscape shifts, more countries and entities are looking for alternatives to the US dollar’s dominance. Tether’s move to peg a stablecoin to the UAE dirham aligns with this broader de-dollarization trend. The UAE, with its stable economy and growing influence in global trade, represents a strategic choice for tether as it looks to expand its market presence beyond the dollar.
#dollors #uae #economy
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11 сен 2024
