As per the latest announcement, Tether will issue a stablecoin pegged to the UAE Dirham (AED) on the TON blockchain. The move aims to enhance financial transactions and provide a stable digital currency option within the region. The TON blockchain, known for its scalability and efficiency, is expected to support the seamless integration and operation of the new stablecoin. This move aligns with Tether’s strategy to diversify its offerings and cater to different markets by providing stable digital currencies pegged to various fiat currencies.
