MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
Ripple, a global leader in digital asset infrastructure, has officially launched its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). Designed to maintain a 1:1 peg with the U.S. dollar, RLUSD is backed by a mix of U.S. dollar deposits, government bonds, and cash equivalents. The stablecoin will be issued on both the Ethereum blockchain and the XRP Ledger, offering seamless integration across diverse ecosystems. At launch, RLUSD will be available on…
Read More »Bitpanda, Europe’s leading regulated cryptocurrency platform, has taken a significant step toward its global expansion strategy by obtaining in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. This milestone positions Bitpanda to formally launch its operations in the UAE under the entity Bitpanda Broker MENA DMCC once it receives the full operating license. The approval comes less than eight months after Bitpanda submitted its application, highlighting the company’s…
Read More »For nearly 150 years, telecom has brought humanity closer together. Over time, however, its role became narrowly defined. It focused solely on communication while financial systems grew in isolation. Karrier One is rewriting this narrative. By pioneering decentralized telecom innovation, the company is bridging a divide that should never have existed. In Karrier One’s vision, every connected device becomes more than just a tool for communication—it becomes a bank, a…
Read More »Tether recently announced that its USDT stablecoin has been recognized as an accepted virtual asset within the Abu Dhabi Global Market (ADGM) jurisdiction. At first glance, this might appear to be a straightforward victory for Tether, solidifying its status as the world’s leading stablecoin. However, a closer look reveals a more nuanced story—one that Tether’s press release doesn’t fully explain. This announcement follows Tether’s previous launch of a UAE Dirham…
Read More »First Abu Dhabi Bank (FAB), the largest financial institution in the UAE, has signed a Memorandum of Understanding (MoU) with Libre Capital, a blockchain-based investment infrastructure firm backed by Further Ventures, to explore collateralized lending using tokenized Real World Assets (RWAs). This partnership aims to revolutionize Net Asset Value (NAV) financing by leveraging tokenized assets and blockchain technology to deliver transparent, efficient, and automated financial solutions. Integrating RWAs into Lending…
Read More »Aethir, a leading GPU-as-a-service platform, has partnered with The Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. This collaboration will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes GPU subsidies and token grants for eligible ventures in Abu Dhabi and the broader region. Aethir, with its extensive decentralized GPU cloud infrastructure, offers high-performance computing solutions that cater to…
Read More »Emirates NBD, one of the leading banking groups in the Middle East, North Africa, and Türkiye (MENAT) region, has made a strategic equity investment in Zodia Custody, a prominent digital asset custodian catering to institutional clients. The investment was made through the bank’s Innovation Fund, a corporate venture fund created in 2023 to strengthen Emirates NBD’s digital initiatives and align with the technological advancements of FinTech companies. This move comes…
Read More »Crypto.com, a leading digital asset platform, has acquired UAE-based Orion Principals Limited as part of its ambitious plan to expand its traditional financial services offerings. The financial details of the acquisition have not been disclosed. Orion, a licensed financial intermediary regulated by the Abu Dhabi Global Market (ADGM), is based in Abu Dhabi and connects institutional investors and high-net-worth individuals to global financial markets. The company provides a wide range…
Read More »The TON Foundation, the non-profit organization behind The Open Network (TON) blockchain, has officially registered with the Abu Dhabi Global Market (ADGM) under its Distributed Ledger Technology (DLT) Foundations Regime. This significant development reinforces ADGM’s status as a global blockchain hub, as the TON Foundation becomes the second major blockchain project to join, following the IOTA Foundation. ADGM’s Groundbreaking DLT Foundations Regime In November 2023, ADGM introduced the world’s first…
Read More »Mbank has announced a strategic partnership with AE Coin, introducing the first-ever regulated stablecoin in the United Arab Emirates, now available for customers via the AEC Wallet. The launch of AE Coin aligns with the Central Bank of the UAE’s framework for digital payment token services, reflecting the government’s forward-thinking approach to the future of digital finance. This partnership aims to revolutionize Mbank’s financial services, offering a secure, stable, and…
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