Alessandro Giori, Senior Strategic Partnerships Manager at Tether, announced at the TON Gateway event in Dubai that the UAE dirham stablecoin will be issued on the TON blockchain. The stablecoin project, developed by Tether in partnership with Phoenix Group and Green Acorn Investments in the UAE, will be fully backed by local liquid assets in the UAE. In addition, Giori also announced that USDT on the TON chain will be connected to the digital asset platform Fireblocks.