A new dirham-inspired cryptocurrency, the DRAM stablecoin, has been listed on Uniswap and PancakeSwap, making it available for trading and investing. DRAM, which is pegged to the United Arab Emirates dirham, is now available on both the decentralized finance (DeFi) exchanges.
DRAM is the world’s first compliant, regulated stablecoin offering Sharia-compliant, transparent, and low-cost digital money. It has been designed with the aim of allowing users to experience the blockchain economy in a secure and trustless environment while maintaining all the benefits of traditional money.
DRAM is based on the Ethereum blockchain, making it fast, secure, and reliable, with a built-in privacy feature. It can be easily transferred and exchanged between different blockchains like Ethereum, Binance Chain, and Polygonic Chain. With DRAM, users have access to the same features and benefits offered by other stablecoins, including numerous options for payment and trading.
DRAM has been developed by Unmswap, a platform that provides decentralized trading solutions. The stablecoin is backed by the United Arab Emirates Dirham and is regulated by the UAE Central Bank. As it is backed by dirhams, it is expected to stabilize its price against fiat currencies and hence will be less volatile compared to other cryptocurrency assets.
Based in Dubai, Unmswap has been working with exchanges, banks, and institutions in the region to offer its services to clients. With the listing on Uniswap and PancakeSwap, DRAM is now available for use, making it easier for users to enter the blockchain economy. It is expected to benefit numerous investors, traders, and users, including SMEs, startups, and more.