2026-01-16 18:21:15

A UAE Dirham-backed stablecoin is launching soon, bringing real-world economy transactions on-chain. The initiative is built on zero-knowledge technology infrastructure, bridging traditional finance with decentralized networks. This represents a significant step toward institutional-grade stablecoins tied to regional fiat currencies, enabling seamless cross-border settlements and financial inclusion through blockchain infrastructure.

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EntryPositionAnalyst

· 7h ago

Hmm, Middle Eastern stablecoins are back. It seems like every country wants to issue one... Can they really solve the pain points of cross-border payments?

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SatoshiHeir

· 21h ago

It should be pointed out that the claims about Dubai's fiat currency anchoring are exaggerated, but they fundamentally do not touch on Satoshi Nakamoto's original concept—decentralization. No matter how fancy the ZK technology is wrapped, it still remains a digital fiat currency controlled by the central bank, which contradicts the core value of encryption consensus. On-chain data may lie, but the ledger will not.

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MemeKingNFT

· 21h ago

This time, we finally see a proper fiat-backed asset, with the UAE Dirham on the blockchain... To put it nicely, it's a bridge to traditional finance, but in reality, it's still worried that the crypto world is too wild and might pull the chain.

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just_vibin_onchain

· 21h ago

The zk infrastructure is okay, but about the UAE dirham... will there really be institutions footing the bill?

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DeFi_Dad_Jokes

· 21h ago

The combination of zk technology and UAE fiat currency backing is indeed quite interesting.

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