The big story is a new digital coin backed by UAE currency being traded on decentralized exchanges.
The so-called ‘stablecoin’ dubbed DRAM launched this week with a value pegged to the dirham.
Developers say it will enable seamless value transfer globally.
DRAM is already listed for trading on Uniswap and PancakeSwap.
UAE has embraced crypto, with officials signing deals for a central bank digital currency.
Analysts cite growing interest in stable digital assets in the region.
DRAM backers hope their coin catches on better than a previous failed decentralized payment project.