Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Ex-SoftBank executive sets up stablecoin to dodge inflation
Mint Mumbai
|October 03, 2023
Akshay Naheta, a former SoftBank Group Corp. executive who steered some of the firm's biggest deals, is launching a new company in Abu Dhabi focusing on stablecoin technology.
-
The 42-year-old financier has set up DTR within the emirate's international financial free zone and will partner on the project with Hong Kong-based DRAM Trust, which has ties to several high-net-worth individuals. They're looking to capitalize on a stablecoin market that analysts at Bernstein estimate will grow more than 20-fold to $2.8 trillion in five years.
Unlike most coins in the market that are tied to the US dollar, DRAM coins will be backed by the United Arab Emirates dirham. The currency's peg to the greenback offers greater stability for individuals in high-inflation countries from Turkey to Egypt and Pakistan, while also providing an alternative to the SWIFT system.
Denne historien er fra October 03, 2023-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
A seven-seater SUV with a touch of style
The Volkswagen Tayron brings refined European flavour to the three-row SUV space, offering premium interiors and features
3 mins
October 03, 2025
Mint Mumbai
Thyssenkrupp-EP Group JV ends, Jindal gains clear run
EP Group agrees to exit the talks, returning its 20% stake in Thyssenkrupp Steel Europe
2 mins
October 03, 2025
Mint Mumbai
India gets $13 billion investment pledges to make electronic parts
India’s scheme offering incentives to create an electronics component supply chain has generated strong interest as the Centre received 249 applications, proposing investments totalling $13 billion (₹1.15 trillion), according to Union information technology (IT) minister Ashwini Vaishnaw.
1 mins
October 03, 2025
Mint Mumbai
Russia looking to 'escalate': Zelensky
Ukraine’s president Volodymyr Zelensky warned Europe on Thursday that recent drone incursions showed Russia was looking to “escalate” its aggression, as he offered his country’s war-honed expertise to help counter the threat.
1 min
October 03, 2025
Mint Mumbai
Auto parts cos grow abroad, following Motherson model
Companies scout for global opportunities in forgings, castings, interiors and electronics
3 mins
October 03, 2025
Mint Mumbai
Hackers extort executives after claiming Oracle apps breach
Executives and technology departments at large organizations are being extorted by a notorious ransomware group that claims to have stolen their data from a suite of popular Oracle Corp. applications.
1 min
October 03, 2025
Mint Mumbai
Instant grocery delivery is going luxe to stand out
Blinkit joins the race as it expands to ozone-washed fruits and artisanal breads to cheese
2 mins
October 03, 2025
Mint Mumbai
Apple puts Vision Pro revamp on back burner
Apple Inc. has hit pause on a planned overhaul to its Vision Pro headset to redirect resources toward a more urgent effort: developing smart glasses that can rival products from Meta Platforms Inc.
1 min
October 03, 2025
Mint Mumbai
The latest attack on H-IBs has bipartisan support in America
Trump’ anti-immigration agenda could prove to be a vote winner
3 mins
October 03, 2025
Mint Mumbai
India needs its boring machines to be made at home: Here's how
We could get relief from the chokehold of foreign firms through a well-crafted 'Make in India' plan
2 mins
October 03, 2025
Translate
Change font size