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UAE’s dirham stablecoin race widens as RAKBank nets in-principle approval

RAKBank has received in-principle approval from the Central Bank of the UAE to issue a stablecoin pegged to the UAE dirham. This move is part of a growing trend in the UAE, where several financial institutions are exploring stablecoin projects to enhance digital payments and financial services. The approval marks a significant step for RAKBank in the competitive landscape of stablecoins in the region. As the UAE aims to position itself as a global fintech hub, the expansion of stablecoin initiatives is expected to drive innovation and attract investment.

Read the full article: Coin Telegraph

Robinhood Offers Prediction Market 'Custom Combos'—But Don't Call Them Parlays

Robinhood has introduced a new feature called "Custom Combos" within its prediction market platform, allowing users to place bets on multiple outcomes of events. Unlike traditional parlays, these Custom Combos enable users to combine different predictions into a single wager, but with distinct rules and payout structures. The

Lack of liquidity is a growing concern in crypto, says Auros' Jason Atkins

Jason Atkins, CEO of Auros, highlights a significant concern in the cryptocurrency market: a lack of liquidity. He notes that this issue is becoming increasingly pronounced, impacting trading volumes and market stability. Atkins emphasizes that reduced liquidity can lead to heightened volatility and challenges for traders. He calls for improved

DTCC 'Not Building Walled Gardens' for Tokenization, Says Digital Assets Head

The Digital Assets Head of the Depository Trust & Clearing Corporation (DTCC) emphasized that the organization is not creating isolated environments for tokenization in the cryptocurrency space. Instead, DTCC aims to foster an open ecosystem that encourages collaboration among various market participants. The focus is on enhancing efficiency and transparency

Cathie Wood calls bitcoin 'good source of diversification' for investors seeking higher returns

Cathie Wood, CEO of ARK Invest, has described Bitcoin as a valuable diversification tool for investors aiming for higher returns. She highlighted Bitcoin's potential to serve as a hedge against inflation and its growing acceptance among institutional investors. Wood emphasized that Bitcoin's unique properties make it

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Robinhood Offers Prediction Market 'Custom Combos'—But Don't Call Them Parlays

Lack of liquidity is a growing concern in crypto, says Auros' Jason Atkins

DTCC 'Not Building Walled Gardens' for Tokenization, Says Digital Assets Head

Cathie Wood calls bitcoin 'good source of diversification' for investors seeking higher returns