UAE dirham stablecoin DRAM launches on Uniswap, PancakeSwap By Cointelegraph

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A former Massachusetts Institute of Technology (MIT) alumnus and SoftBank (TYO:) 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 and PancakeSwap on Oct. 3.

The DRAM contract listed on Uniswap on Oct. 3. Source: Uniswap
DRAM’s smart contract address. Source: Etherscan
The code repository of Unit-e last reflected commits in 2019. Source: GitHub