CoinVoice has recently learned that on October 2, Bloomberg reported that former SoftBank executive Akshay Naheta teamed up with DRAM Trust to launch a new stablecoin DRAM backed by the UAE dirham. DRAM aims to provide greater stability for individuals in high-inflation countries such as Turkey, Egypt and Pakistan.

DRAM will be available on decentralized exchanges such as Uniswap, Sushiswap, and Pancakeswap. Naheta said the team also intends to work with centralized exchanges in the future. [Original link]