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Dirham-backed stablecoin

Dirham-Backed Stablecoin: UAE’s Zand Bank Breakthrough

The launch of the dirham-backed stablecoin by Zand Bank marks a significant milestone in the evolution of digital finance in the UAE.Approved by the Central Bank of the UAE (CBUAE), this innovative stablecoin, known as Zand AED, aims to integrate the stability of the UAE dirham with the speed and transparency offered by blockchain technology.

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