Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research
Distributed Technologies Research has launched DRAM, a Dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency. A former MIT alumnus and SoftBank executive has launched a Dirham-backed stablecoin that aims to give countries plagued by high inflation environments exposure to assets linked to the United Arab Emirates’ native currency. Cointelegraph reached out to Akshay Naheta, founder and CEO of Distributed Technologies Research (DTR) following the announcement of DRAM stablecoin that was listed on Decentralized Finance protocols Uniswap and PancakeSwap on Oct. 3. The Abu Dhabi based- company has been develop ing the technology for a Dirham-backed stable coin since Oct. 2022. Naheta has essentially rebooted DTR in the jurisdiction, which he had helped co-found in Switzerland in 2019. The DRAM contract listed on Uniswap on Oct. 3. Source: Uniswap. DRAM is an Ethereum ERC-20 token that is issued by DRAM Trust. The organization is a Hong K...