🚀 Ex-SoftBank exec launches Dirham-backed stablecoin! Akshay Naheta, an MIT alumnus, has introduced DRAM, a stablecoin pegged to the UAE's currency. Here's the scoop:
- DRAM aims to help countries with high inflation by providing exposure to UAE's stable currency
- Listed on DeFi protocols Uniswap and PancakeSwap on Oct. 3
- Developed by Abu Dhabi-based Distributed Technologies Research (DTR)
- Ethereum ERC-20 token issued by DRAM Trust, regulated under Hong Kong Monetary Authority
- Can't be offered in Hong Kong or UAE yet, but talks ongoing for listing on centralized exchanges outside these jurisdictions
DRAM's launch highlights the UAE's growing role as a hub for crypto and Web3 innovation. Stay tuned for more exciting developments! 🌐
- DRAM aims to help countries with high inflation by providing exposure to UAE's stable currency
- Listed on DeFi protocols Uniswap and PancakeSwap on Oct. 3
- Developed by Abu Dhabi-based Distributed Technologies Research (DTR)
- Ethereum ERC-20 token issued by DRAM Trust, regulated under Hong Kong Monetary Authority
- Can't be offered in Hong Kong or UAE yet, but talks ongoing for listing on centralized exchanges outside these jurisdictions
DRAM's launch highlights the UAE's growing role as a hub for crypto and Web3 innovation. Stay tuned for more exciting developments! 🌐