Paxos Granted Approval to Introduce Stablecoins in UAE
Paxos, a crypto infrastructure firm, has received in-principle approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to introduce stablecoins in the United Arab Emirates (UAE). This means that Paxos will soon be able to issue US dollar-backed stablecoins and provide crypto-brokerage and custody services in the region. The FSRA is a financial regulator […]