“We will no longer be releasing a USD based algorithmic stable coin,” Cronje said in a March 28 X post. “Completely unrelated, we will be releasing a mathematically bound numerical Dirham ...

The dirham depreciated by 0.2% against the US dollar and 0.4% against the euro during the week of March 27 to April 2, according to Bank Al-Maghrib (BAM). During this period, no exchange market ...

The United Arab Emirates expects its digital dirham central bank digital currency to roll out in the fourth quarter of 2025.