A former Massachusetts Institute of Technology (MIT) alumnus and SoftBank (TYO:9984) 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’ (UAE) fiat currency.
Cointelegraph reached out to Akshay Naheta, co-founder and CEO of Distributed Technologies Research (DTR), following the announcement of the DRAM stablecoin that was listed on decentralized finance protocols Uniswap and PancakeSwap on Oct. 3.