🧵 1. Former SoftBank exec launches DRAM stablecoin, backed by UAE dirham, aiming to provide exposure to UAE assets in high-inflation countries. #crypto
🧵 1. Former SoftBank exec launches DRAM stablecoin, backed by UAE dirham, aiming to provide exposure to UAE assets in high-inflation countries. #crypto
🧵 2. DRAM, an ERC-20 token, was listed on Uniswap and PancakeSwap, held by Dram Trust. Talks ongoing for centralized exchange listings.
🧵 3. Dirham reserves must be deposited before minting DRAM tokens. Regulated financial institutions hold the reserves.
🧵 Read more at: https://cointelegraph.com/news/abu-dhabi-firm-launches-dirham-backed-stablecoin
🧵 5. University partnerships, including MIT and Stanford, aided in the development of DTR's Unit-e. Naheta shares details of its previous incarnation.
🧵 4. DTR, founded by Akshay Naheta, previously developed Unit-e payments system with academic partnerships.
thanks for sharing