Tag: dirham
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-pegged stablecoin.Abu Dha [...]
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 dirham-denominated [...]
UAE expects digital dirham rollout in Q4 2025
The United Arab Emirates expects its digital dirham central bank digital currency to roll out in the fourth quarter of 2025. According to a report in [...]
Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research
A former MIT alumnus and SoftBank executive has launched a Dirham-backed stablecoin that aims to give countries plagued by high inflation environments [...]
Indian rupee near all-time low against UAE dirham
The Indian currency tumbled to 76.46 to a dollar late on Friday, tracking surge in crude prices. Historical data shows the Indian rupee plummeted to [...]
Passenger held for smuggling forex
A Sharjah-bound passenger who was trying to smuggle foreign currencies equivalent to ₹ 9.78 lakh was apprehended by the officials of Customs depar [...]
Rupee opens flat at 74.83 in opposition to greenback; reaches 20.36 vs dirham – Information
Buyers are awaiting CPI knowledge scheduled to be launched later within the day for additional cues, foreign exchange merchants mentioned [...]
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