Former SoftBank executive launches UAE-backed stablecoin to counter inflation

In a groundbreaking move, Akshay Naheta, a former executive at SoftBank, has unveiled a new stablecoin pegged to the United Arab Emirates Dirham (UAE). This innovative financial instrument, named DRAM coins, is designed to offer stability in countries grappling with high inflation rates. Moreover, it aims to cater to the unbanked and underbanked populations, offering…