UAE Bank Zand Launches First Dirham Stablecoin As Asian Nations Wake Up

With the global stablecoin supply crossing $300 billion, nations are increasingly recognizing that they can no longer rely solely on USD-denominated stablecoins to serve their digital economies. Across Asia, governments and banks are announcing efforts to issue their own currency-backed stablecoins. This is spreading from South Korea’s push for a won-based token to Japan’s launching

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