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 Dirham stablecoin DRAM hits Uniswap developed by relaunched Distributed Technologies Research

Dirham stablecoin DRAM hits Uniswap developed by relaunched Distributed Technologies Research


Published: 2023-10-03


1. The main topic of the article is the launch of a dirham-backed stablecoin by an Abu Dhabi firm. This stablecoin is designed to be pegged to the value of the United Arab Emirates dirham,providing stability and reducing the volatility often associated with cryptocurrencies. The firm behind the stablecoin aims to facilitate seamless digital transactions in the region and enhance the efficiency and security of financial transactions.

2. The dirham-backed stablecoin aims to address the need for a stable cryptocurrency in the Middle East,where traditional financial systems and cross-border payments can be complex and time-consuming. With its one-to-one peg to the dirham,this stablecoin will enable faster and more secure transactions,reducing costs and improving overall financial accessibility for businesses and individuals in the region.

3. The launch of this stablecoin emphasizes the growing interest in blockchain technology and cryptocurrencies within the Middle East. The Abu Dhabi firm recognizes the potential of cryptocurrencies to revolutionize the financial industry and believes that by introducing a stablecoin,they can bridge the gap between traditional financial systems and the emerging digital economy. This initiative also aligns with the UAE's broader vision to become a global hub for blockchain and digital innovation,attracting investment and fostering economic growth.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,058.90 2,535,868,129.20
2 BTC title=BTC 60,868.67 2,416,151,126.18
3 ETH title=ETH 2,906.22 998,478,057.41
4 SOL title=SOL 147.42 655,818,794.17
5 PEPE title=PEPE <0.01 329,095,679.65
6 WIF title=WIF 2.93 237,366,933.35
7 XRP title=XRP 0.51 180,436,716.11
8 DOGE title=DOGE 0.14 180,234,506.49
9 RNDR title=RNDR 11.09 179,864,352.09
10 RUNE title=RUNE 6.02 136,271,541.37
11 WLD title=WLD 5.42 135,901,750.97
12 BOME title=BOME 0.01 118,426,971.43
13 ENA title=ENA 0.85 118,002,715.13
14 NEAR title=NEAR 7.20 108,782,210.21
15 AR title=AR 42.15 78,921,432.14
16 AVAX title=AVAX 34.10 78,425,864.76
17 BONK title=BONK <0.01 77,999,390.49
18 SUI title=SUI 1.03 70,920,462.88
19 JTO title=JTO 4.09 70,200,233.89
20 ARKM title=ARKM 2.61 67,543,038.70
21 FTM title=FTM 0.70 58,913,956.10
22 ASR title=ASR 3.77 52,295,807.73
23 INJ title=INJ 25.03 52,280,842.84
24 GMX title=GMX 28.22 51,125,334.36
25 ETHFI title=ETHFI 3.67 48,601,245.13
26 TRX title=TRX 0.13 48,196,942.90
27 ICP title=ICP 11.91 46,850,188.91

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 BENQI title=QI 0.02 +34.62
2 Manchester City Fan Token title=CITY 3.53 +12.50
3 OAX title=OAX 0.24 +8.17
4 GMX title=GMX 28.22 +7.92
5 Jito title=JTO 4.09 +6.96
6 Santos FC Fan Token title=SANTOS 6.35 +6.27
7 Injective title=INJ 25.03 +4.99
8 Mobox title=MBOX 0.35 +3.88
9 NFPrompt title=NFP 0.48 +3.53
10 ARK title=ARK 0.84 +2.99
11 Arweave title=AR 42.15 +2.92
12 iExec RLC title=RLC 3.31 +2.77
13 Tensor title=TNSR 0.84 +2.45
14 Render title=RNDR 11.09 +2.43
15 Immutable title=IMX 2.20 +2.24
16 Sui title=SUI 1.03 +2.00
17 Arkham title=ARKM 2.61 +1.53
18 SafePal title=SFP 0.79 +1.24
19 TerraClassicUSD title=USTC 0.02 +0.99
20 TRON title=TRX 0.13 +0.79
21 Golem title=GLM 0.57 +0.73
22 TrueFi title=TRU 0.11 +0.52
23 Cream title=CREAM 44.76 +0.47
24 SuperRare title=RARE 0.12 +0.33
25 PAX Gold title=PAXG 2,346.00 +0.30
26 Fantom title=FTM 0.70 +0.21
27 Any Inu title=AI 1.11 +0.09
28 Metal DAO title=MTL 1.85 +0.05
29 Pax Dollar title=USDP 1.00 +0.04

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 SSV Network title=SSV 35.88 -17.67
2 UMA title=UMA 3.56 -9.64
3 Vanar Chain title=VANRY 0.17 -8.90
4 Synapse title=SYN 0.78 -8.52
5 Viction title=VIC 0.49 -8.04
6 Verge title=XVG <0.01 -8.03
7 API3 title=API3 2.31 -7.93
8 ORDI title=ORDI 35.65 -7.91
9 RSK Infrastructure Framework title=RIF 0.16 -7.84
10 Perpetual Protocol title=PERP 1.02 -7.81
11 Moonriver title=MOVR 14.73 -7.67
12 Orion title=ORN 1.39 -7.58
13 PIVX title=PIVX 0.32 -7.03
14 Badger title=BADGER 4.32 -7.02
15 Portal title=PORTAL 0.76 -6.99
16 Chromia title=CHR 0.26 -6.98
17 Flamingo Finance title=FLM 0.09 -6.97
18 Atlas Aggregator title=ATA 0.17 -6.79
19 NKN title=NKN 0.11 -6.76
20 Illuvium title=ILV 84.00 -6.70
21 Acent title=ACE 5.00 -6.60
22 Galxe title=GAL 3.14 -6.40
23 Horizen title=ZEN 8.59 -6.33
24 Stafi title=FIS 0.49 -6.24
25 Bluzelle title=BLZ 0.36 -6.23
26 Bonk title=BONK <0.01 -6.19
27 RAD title=RAD 1.71 -6.15
28 0x Protocol title=ZRX 0.46 -6.12
29 Liquity title=LQTY 1.01 -6.08
30 Gnosis title=GNO 283.90 -6.02

Bitcoin's Greed and Fear Index.

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