Ripple Expands Zand Bank Ties to Bridge USD and Dirham Stablecoins
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- This would allow easy conversion between USD and AED for payments and online finance.
- Zand Bank is establishing itself as a key licensed hub for digital assets in the UAE.
- The deal expands on an earlier cooperation between Ripple and Zand Bank.
Ripple, the company behind the XRP Ledger (XRPL), has announced a deeper partnership with the UAE digital bank Zand Bank. The goal is to connect Ripple’s dollar stablecoin, RLUSD, with Zand Bank’s upcoming dirham stablecoin, AEDZ, both of which will run on the XRP Ledger network.
This connection would allow easy conversion between US dollars and UAE dirhams for payments and online finance.
Zand Bank is establishing itself as a key licensed hub for digital assets in the UAE, using a secure and regulated blockchain and storage services to support real-world uses for digital currency.
The deal expands on an earlier cooper…
Read The Full Article Ripple Expands Zand Bank Ties to Bridge USD and Dirham Stablecoins On Coin Edition.
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