The Blockchain and Fintech firm Ripple and the UAE-based digital bank Zand have partnered to accelerate the region’s adoption of regulated stablecoin and other innovative solutions powered by Zand’s dirham-backed token and Ripple’s USD stablecoin. According to the official statement released by Zand Bank on February 10, the partnership is
US President Donald Trump has denied any knowledge of a $500 million investment by an Abu Dhabi company in WLFI. The World Liberty Financial is a cryptocurrency firm that has ties to Trump and members of his family. When asked about the matter, Trump claimed he did not know, stating,
U.S. Senator Elizabeth Warren has intensified their efforts to investigate a foreign investment in World Liberty Financial (WLFI), a cryptocurrency company associated with the Trump family, by initiating congressional oversight. This comes after it was revealed that a UAE-funded firm had invested $500 million in WLFI in January 2025, just
The UAE has officially entered the regulated stablecoin race, where the private firm, Universal Digital Intl Limited, launched the first U.S. dollar-pegged token, registered by the Central Bank of the UAE, on January 29, aimed at enabling compliant digital-asset settlement under the country’s new payment token framework. USDU, Backed by
The Abu Dhabi Global Market (ADGM) Registration Authority (RA) has made a significant step in identifying the regulatory framework for digital asset infrastructure through the publication of Discussion Paper No. 1 of 2026, which outlines a framework for crypto mining. The Discussion Paper outlines policy considerations, licensing, and operational issues
RAKBank is all set to enter the rising stablecoin market in the UAE. The Central Bank of the UAE has given it an in-principle approval to issue the stablecoin, which will be pegged to the Dirham. This marks the alignment of the Central Bank of the UAE with the model
Dubai is launching the Middle East’s first tokenized real estate platform, Prypco Mint, and marking a new milestone in property investment. The Gulf News reported on May 25 that this measure is being led by the Dubai Land Department and focuses on making property investment more accessible. The pilot platform
Crypto regulation and global expansion are accelerating in 2025 with favorable macroeconomic conditions and a focus on regulatory framework creation. Global crypto firms are racing to obtain licenses to operate in compliance with regulatory bodies. On a similar note, Bitcoin Suisse made it to the headlines today by obtaining approval
Ripple has recently collaborated with two new partners, Zand Bank and fintech company Mamo, in order to widen its network in the United Arab Emirates (UAE). The collaboration will help to leverage its blockchain-based cross-border payments platform. On May 19, Ripple released a press release to make an announcement, followed
Al Maryah Community Bank (Mbank), a leading integrated digital bank in the United Arab Emirates (UAE), has partnered with crypto custodian Changer.ae to launch a Dirham-based crypto conversion service. This new service follows the approval from the UAE Central Bank, allowing Mbank to open an AED Escrow Account. This move
