DUBAI :Cryptocurrency company Tether said on Wednesday it plans to provide a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps demand for the Gulf currency and seeks to offer alternatives to the U.S. dollar. Stablecoins are digital tokens designed to keep a constant value and are backed by traditional currencies such as the U.S. dollar or euro. They can be used as a form of payment, as well as to trade in and out of other tokens, such as bitcoin, on crypto exchanges. "

Tag-uri: Bitcoin