DTR is eyeing a head start for DRAM by targeting to corner a single-digit share in the stablecoin market in the near term.



The turmoil in the US has led the crypto industry globally to search for regulatory “square holes” that best identify crypto assets from a regulatory lens

The UAE is set to trigger a major milestone in the global cryptocurrency market, with its evolved policy framework for the sector providing the launch ground for issuing a Dirham-backed stablecoin, a move widely seen as the first attempt globally to make a dent in the $125 billion market, currently dominated by US dollar-backed stablecoins.

The first Dirham-backed stablecoin, DRAM, launched early this week by Distributed Technologies Research Ltd (DTR), a 10-month-old decentralised finance (DeFi) startup founded by former SoftBank top executive Akshay Naheta, plans to leverage the more