Zand expands USDC support for UAE cross-border payments
Cryptobriefing.com reports that Zand, a UAE digital bank, has expanded its stablecoin infrastructure to include Circle’s USDC. This initiative allows eligible businesses to utilize both the Zand Dirham stablecoin and USDC for payments, settlement, and treasury operations. The move aims to connect the regulated Dirham-backed token with a widely used dollar stablecoin to facilitate cross-border financial activity. Zand’s Dirham stablecoin is already fully backed by reserves and operates across multiple public blockchains. By enabling interoperability between these regulated assets, the bank seeks to create a seamless channel for moving value between UAE and global digital ecosystems. This development supports the UAE’s Digital Economy Strategy, which aims to double the digital economy's contribution to non-oil GDP by 2032.