Dirham-Inspired DRAM Stablecoin Listed on Uniswap, PancakeSwap
The world’s first Dirham-inspired DRAM stablecoin is now available for trading on Uniswap and PancakeSwap decentralized exchanges. The stablecoin, launched by Middle East-based blockchain-focused venture studio DRAM Protocol, has been listed on both exchanges, allowing token holders to swap and trade the DRAM Token against other cryptocurrencies, such as Bitcoin, Ethereum, and Binance Coin. This marks a major milestone for the project, as it is the first-ever stablecoin to be launched in the Middle East. The DRAM Token is pegged to the UAE Dirham and is designed to provide a “secure and stable” means of payment for businesses and individuals in the region. The DRAM Token is supported by a reserve of DRA, a digital asset that is collateralized by the local currency of the UAE Dirham. The DRAM Token is built on the Ethereum blockchain and is based on the ERC20 standard. It is also compliant with the Sharia Law, making it fully compliant with the Islamic religion.