PANews reported on February 15th that, according to The Fintech Times, Zand, an AI and blockchain digital bank in the UAE, has established a strategic partnershipPANews reported on February 15th that, according to The Fintech Times, Zand, an AI and blockchain digital bank in the UAE, has established a strategic partnership
Zand, the digital bank in the UAE, has partnered with Ripple to explore issuing the stablecoin AEDZ on the XRP Ledger.
PANews reported on February 15th that, according to The Fintech Times, Zand, an AI and blockchain digital bank in the UAE, has established a strategic partnership with Ripple. The two companies will jointly promote the development of the digital economy in the region through Zand's UAE Dirham stablecoin AEDZ and Ripple's US dollar stablecoin RLUSD.
Building on their previous payment cooperation, the two parties will advance several initiatives, including supporting RLUSD in Zand's regulated digital asset custody service and exploring direct liquidity solutions between AEDZ and RLUSD. They will also explore issuing AEDZ on the XRP Ledger, leveraging the blockchain's compliance and risk control mechanisms.
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