KEY POINTS
- DEEN is potentially the only halal option in the industry: Deenar co-founder Maruf Yusupov
- The stablecoin is a much more affordable alternative to storing physical gold
- Yusupov believes DEEN can help broaden HAQQ's appeal to other audiences
- He sees the global stablecoin market expanding to a staggering $1 trillion valuation by 2030
Stablecoins are known for their distinctive "stable" feature that separates them from other types of digital assets that are highly volatile and are easily affected by market sentiment, but a new stablecoin is breaking even more barriers as it is not only Shariah compliant, but it is also a token backed by a "non-political" asset.
