Monday, 2 October, 2023

Former SoftBank Executive's DeFi Startup Introduces UAE Dirham-Backed Stablecoin

Akshay Naheta, a former SoftBank executive, has launched a decentralized finance (DeFi) startup called DTR. DTR has introduced a stablecoin backed by the UAE Dirham, aiming to enhance the DeFi ecosystem and bring stability to digital assets. This move signifies the growing interest and innovation in the blockchain and cryptocurrency space, especially in the Middle East.