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Crypto adoption is also taking root in the middle east where partnerships are more than localized efforts. Theyre signals of cryptos global ambitions. Crypto.com partnered with the united arab emirates dubai islamic bank dib announced monday dec. The partnership follows another crypto.com project in the region as the company earlier received a license to launch a mastercard-powered card in bahrain. Crypto.com eventually plans to expand the card offering to other gulf countries including kuwait oman qatar saudi arabia and the uae.

During stablecoins role as a bridge between traditional finance jordan cell phone number list and digital currencies became more pronounced. As recently as dec. Wirex added two new stablecoins to its digital payments platform while holiday moviegoers this year were allowed to buy tickets and concessions at regal theaters around the united states using the usdc stablecoin. See also: how pivotal events impacted the digital economy in decentralized stablecoin cryptocurrency protocol frax finance also launched a stablecoin that it said offers unprecedented transparency and custody.

The frxusd stablecoin is a rebranded evolution of the companys flagship frax stablecoin and will leverage blackrocks usd institutional digital liquidity fund buidl tokenized by securitize frax said thursday jan. In another separate development it was reported thursday that stablecoin leader tether has seen its market value decline amid new european union eu cryptocurrency rules with the companys usdt having its sharpest weekly drop in two years. Meanwhile digital asset prime broker falconx acquired arbelos markets to expand its derivatives business and strengthen its position among cryptocurrency derivatives dealers it was announced thursday.