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A new stablecoin based on the Dirham (DHS) currency of the United Arab Emirates has been listed on Uniswap and PancakeSwap, two leading decentralized exchange protocols.
The DRAM (Dirham Real Asset Monetization) stablecoin is designed to remain stable against the Dirham, and has been fully collateralized in a basket of real-world assets, including equities, commodities and precious metals.
The DRAM stablecoin is backed by guaranteed buy-back from an institutional partner, allowing holders to redeem their coins with the partner at any time for Dhs.
The stablecoin serves as a bridge asset, allowing investors to access financial instruments previously isolated to traditional markets, while gaining access to a flexible and efficient liquidity platform with low fees and lightning-fast transactions.
The DRAM stablecoin aims to bridge the gap between traditional and decentralized finance and provide easy access to capital markets previously inaccessible to crypto investors.
The listing of the DRAM stablecoin on Uniswap and PancakeSwap marks another milestone in the adoption of blockchain technology by the financial sector. With the increased use of DeFi protocols, the stablecoin will provide another layer of financial protection for investors.
What do you think of the DRAM stablecoin being listed on Uniswap and PancakeSwap? Let us know in the comments below!