Why dirham Is Trending Today?

The United Arab Emirates (UAE) has launched its central bank digital currency (CBDC), the Digital Dirham. This move places the UAE among the leading countries exploring the potential of CBDCs. In a significant development, the Digital Dirham has successfully completed its first pilot transaction, marking a crucial step in the project's progress.

The United Arab Emirates (UAE) has successfully conducted its first transaction using the digital dirham, its central bank digital currency (CBDC). This significant step was part of the UAE's ongoing CBDC pilot program, which aims to explore the potential of digital currencies in the region. The transaction was completed in less than two minutes, demonstrating the efficiency and speed of the digital dirham.