📰 Why Stablecoins Are Going Mainstream Worldwide — Especially in the UAE
Stablecoins — digital tokens pegged 1:1 to traditional currencies — are rapidly moving from niche crypto tools into everyday finance, backed by banks, payment networks, and regulators worldwide. In the UAE, regulated, dirham-backed stablecoins and payment integration are accelerating real-world adoption.
• Mainstream traction: The global stablecoin market has grown above $300 billion, driven by regulatory clarity and institutional support.
• UAE innovation: The UAE has licensed its own dirham-backed stablecoin (AE Coin) and banks like RAKBANK are now approved to issue similar tokens.
• Everyday use cases: Stablecoins enable instant, 24/7 payments, cheaper cross-border transfers, and fast settlements, blending blockchain speed with fiat stability.
Expert Insight:
Stablecoins are shifting from a crypto niche to a foundational digital money layer — designed to behave like fiat but settle faster and around the clock, making them ideal for retail payments, remittances, and digital commerce.
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