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Deliveries Of Tesla’s Futuristic Cybertruck Have Begun

Elon Musk personally handed over the first vehicle at a delivery event in Austin, Texas. Tesla also revealed the price and specifications of its latest load-hauling EV.

Published

2 years ago

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deliveries of tesla's futuristic cybertruck have begun
Tesla

Two years after Tesla was due to deliver its first EV pickups, the Cybertruck is finally here. The base model of the load-lugging EV will cost $61,000 — around $21,000 more than CEO Elon Musk promised when the vehicle was announced four years ago.

Deliveries to reservation holders began during a stage event in Austin, Texas, with Musk himself in attendance. Tesla’s website says that two more versions of the Cybertruck will follow next year, including an all-wheel drive model (around $80,000) and a premium model known as the “Cyberbeast” (around $100,000).

Base model Cybertrucks can travel 250 miles on a single charge, while the premium Cyberbeast can reach 320 miles. The base model, which won’t be delivered in large volumes until 2025, has a single motor that drives the rear wheels and a 0-to-60 time of 6.5 seconds. The all-wheel drive middle model, available next year, reduces that figure to 4.1 seconds. Finally, the premium version, due in 2024, will be able to reach a top speed of 130 mph and go from 0 to 60 in 2.6 seconds. Towing capacities are rated at a massive 5,000 kg.

Also Read: Wisdom Motor Brings First Zero-Emission Bus To GCC

The Cybertruck is a huge deal for Tesla. It’s the first new vehicle the EV maker has produced in three years. Tesla ran into two years of delays during production, primarily due to the vehicle’s unorthodox design and heavy use of stainless steel.

During the Austin, Texas event, Musk exclaimed: “We have a car here that experts said was impossible. Finally, the future will look like the future”.

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Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE

Central Bank approval moves the dirham-backed token into deployment, targeting regulated payments and settlement flows.

Published

4 days ago

on

February 13, 2026

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dirham-backed stablecoin ddsc enters live phase in uae

The UAE has cleared the launch of DDSC, a dirham-backed stablecoin now entering live operation after approval from the Central Bank. The move pushes the project beyond its pilot phase and into the country’s regulated financial system.

The token is backed by a consortium led by IHC, Sirius International Holding and First Abu Dhabi Bank (FAB), framing it as an institutional instrument rather than a consumer crypto product. DDSC was first announced in April 2025, but regulatory clearance now allows deployment and integration across approved channels.

DDSC runs on ADI Chain, a Layer 2 blockchain built by the Abu Dhabi-based ADI Foundation. The infrastructure is designed for governance and performance requirements expected by large institutions, linking blockchain settlement with existing compliance and oversight frameworks.

The focus is practical, targeting treasury settlements, high-value payments, trade and supply-chain transactions, and programmable financial flows for regulated entities. FAB plans to offer access to the token through approved platforms for its clients, keeping the rollout inside controlled banking environments.

“DDSC marks a defining milestone in the UAE’s digital finance journey,” said Syed Basar Shueb, CEO of IHC. “With the Central Bank’s approval and our transition into live operation, we are delivering trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments”.

Also Read: Basatne Debuts ORBT Platform For Digital Refunds In UAE

FAB says the project reflects how stablecoins can sit within traditional finance when risk controls are built in from the outset. “This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements,” said Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at FAB.

The launch reinforces the UAE’s strategy of pushing digital finance through regulation instead of open-ended crypto experimentation. Stablecoins in this model are positioned less as trading assets and more as programmable extensions of national currency, aimed at institutional scale and government use cases.

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