Regulations & Policy
UAE’s dirham stablecoin race widens as RAKBank nets in-principle approval
•1 min read
RAKBank has received in-principle approval from the Central Bank of the UAE to launch a dirham-backed stablecoin, marking its entry into the growing stablecoin market in the region. This development adds a significant player to the UAE's efforts to innovate in digital currency, further diversifying the landscape of stablecoin offerings in the country.
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