Global logistics and trade company, DP World, has announced plans to issue a stablecoin in partnership with financial and technology providers. This move aims to address inefficiencies in cross-border payments, particularly in emerging markets such as Asia and Africa. By collaborating with firms in Singapore, India, the UAE, and other key markets, DP World aims to introduce an accessible, instant, and transparent cross-border payment solution using stablecoins. The company's announcement comes after the UAE Central Bank released regulations for stablecoins, allowing for their use in payments within the UAE. DP World's stablecoin could become the second regulated AED stablecoin, following the approval of AECoin.



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