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Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region. 💬 How do you see government-backed stablecoins shaping the future of crypto and global payments? Share your views!
WealthSphere
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#AbuDhabiStablecoin 🌟 Exciting Developments in Abu Dhabi! 🌟Abu Dhabi is taking significant strides in the digital asset landscape with the announcement of a fully regulated Dharma-backed stablecoin, developed by ADQ, IHC, and First Abu Dhabi Bank. This innovative initiative is part of a broader national strategy to accelerate the growth of the digital asset economy in the region. 🇦🇪💼This government-backed stablecoin is poised to reshape the future of cryptocurrency and global payments by providing a reliable and secure digital asset that aligns with regulatory standards set by the UAE Central Bank. Unlike many cryptocurrencies known for their volatility, stablecoins are designed to maintain a stable value, making them an attractive option for businesses and consumers alike.The introduction of a regulated stablecoin can facilitate smoother cross-border transactions, enhance financial inclusion, and promote faster payment solutions. By bridging the gap between traditional finance and digital innovation, Abu Dhabi is laying the groundwork for a robust digital economy that could influence other nations.As more governments embrace regulated stablecoins, we may witness a shift in how businesses and consumers interact with digital currencies. This could ultimately lead to a more integrated and efficient global payment system.What are your thoughts on the impact of government-backed stablecoins? Let’s discuss! 💬👇#AbuDhabiStableCoin #DigitalAssets #CryptoInnovation #UAEBlockchain
#AbuDhabiStablecoin 🌟 Exciting Developments in Abu Dhabi! 🌟Abu Dhabi is taking significant strides in the digital asset landscape with the announcement of a fully regulated Dharma-backed stablecoin, developed by ADQ, IHC, and First Abu Dhabi Bank. This innovative initiative is part of a broader national strategy to accelerate the growth of the digital asset economy in the region. 🇦🇪💼This government-backed stablecoin is poised to reshape the future of cryptocurrency and global payments by providing a reliable and secure digital asset that aligns with regulatory standards set by the UAE Central Bank. Unlike many cryptocurrencies known for their volatility, stablecoins are designed to maintain a stable value, making them an attractive option for businesses and consumers alike.The introduction of a regulated stablecoin can facilitate smoother cross-border transactions, enhance financial inclusion, and promote faster payment solutions. By bridging the gap between traditional finance and digital innovation, Abu Dhabi is laying the groundwork for a robust digital economy that could influence other nations.As more governments embrace regulated stablecoins, we may witness a shift in how businesses and consumers interact with digital currencies. This could ultimately lead to a more integrated and efficient global payment system.What are your thoughts on the impact of government-backed stablecoins? Let’s discuss! 💬👇#AbuDhabiStableCoin #DigitalAssets #CryptoInnovation #UAEBlockchain
#AbuDhabiStablecoin un trío de importante instituciones de abu dhabi. entre ellos el fondo soberano del emirato. lanzaron una estable coin anclada al dirham . veremos con cautela como va esto
#AbuDhabiStablecoin un trío de importante instituciones de abu dhabi. entre ellos el fondo soberano del emirato. lanzaron una estable coin anclada al dirham . veremos con cautela como va esto
#AbuDhabiStablecoin Trump tariffs refer to the series of import duties imposed by former U.S. President Donald Trump during his administration, primarily targeting countries like China, the European Union, and Mexico. These tariffs were part of his "America First" trade policy aimed at protecting U.S. industries, reducing trade deficits, and addressing unfair trade practices. The tariffs led to trade wars, particularly with China, which retaliated with its own tariffs. While they boosted certain U.S. industries, they also raised costs for consumers and businesses, causing economic disruptions. Critics argue the tariffs hurt global trade and led to inefficiencies in supply chains.
#AbuDhabiStablecoin Trump tariffs refer to the series of import duties imposed by former U.S. President Donald Trump during his administration, primarily targeting countries like China, the European Union, and Mexico. These tariffs were part of his "America First" trade policy aimed at protecting U.S. industries, reducing trade deficits, and addressing unfair trade practices. The tariffs led to trade wars, particularly with China, which retaliated with its own tariffs. While they boosted certain U.S. industries, they also raised costs for consumers and businesses, causing economic disruptions. Critics argue the tariffs hurt global trade and led to inefficiencies in supply chains.
#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi is emerging as a key player in the global digital finance space with its development of a government-backed stablecoin. This initiative reflects the United Arab Emirates’ commitment to embracing blockchain technology and fostering a digital economy. The Abu Dhabi stablecoin is expected to be pegged to the UAE dirham, offering price stability and regulatory compliance. It aims to facilitate faster, more secure transactions for businesses and individuals, both domestically and internationally. With strong support from the Abu Dhabi Global Market (ADGM) and clear regulatory frameworks, the stablecoin could position Abu Dhabi as a fintech leader in the Middle East, enhancing financial inclusion and innovation across the region.
#AbuDhabiStablecoin #AbuDhabiStablecoin
Abu Dhabi is emerging as a key player in the global digital finance space with its development of a government-backed stablecoin. This initiative reflects the United Arab Emirates’ commitment to embracing blockchain technology and fostering a digital economy. The Abu Dhabi stablecoin is expected to be pegged to the UAE dirham, offering price stability and regulatory compliance. It aims to facilitate faster, more secure transactions for businesses and individuals, both domestically and internationally. With strong support from the Abu Dhabi Global Market (ADGM) and clear regulatory frameworks, the stablecoin could position Abu Dhabi as a fintech leader in the Middle East, enhancing financial inclusion and innovation across the region.
#AbuDhabiStablecoin #AbuDhabiStablecoin friendly regulations, including the recognition of stablecoins like Tether’s USDT and Circle’s USDC, and a $2 billion investment by Abu Dhabi’s MGX in Binance in March 2025, underscore its ambition to become a global crypto hub. @BTC
#AbuDhabiStablecoin #AbuDhabiStablecoin friendly regulations, including the recognition of stablecoins like Tether’s USDT and Circle’s USDC, and a $2 billion investment by Abu Dhabi’s MGX in Binance in March 2025, underscore its ambition to become a global crypto hub. @BTC
#AbuDhabiStablecoin AbuDhabiStablecoin friendly regulations, including the recognition of stablecoins like Tether’s USDT and Circle’s USDC, and a $2 billion investment by Abu Dhabi’s MGX in Binance in March 2025, underscore its ambition to become a global crypto hub. @BTC
#AbuDhabiStablecoin AbuDhabiStablecoin friendly regulations, including the recognition of stablecoins like Tether’s USDT and Circle’s USDC, and a $2 billion investment by Abu Dhabi’s MGX in Binance in March 2025, underscore its ambition to become a global crypto hub. @BTC
#AbuDhabiStablecoin If you're asking about Bitcoin reserves in Abu Dhabi (UAE), here's a concise overview: Abu Dhabi & Bitcoin Reserves: 1. Government Holdings: The UAE government, including Abu Dhabi, has not officially disclosed holding Bitcoin as part of its reserves. However, the region is increasingly open to blockchain and crypto investments. 2. Private Sector & Investment Funds: Abu Dhabi Global Market (ADGM) is a financial free zone that supports regulated crypto and blockchain firms. Some wealth funds and private investment groups based in Abu Dhabi are believed to have exposure to Bitcoin and crypto assets, but the exact figures are not public. 3. Mining & Infrastructure: In 2023, Zero Two (a UAE-based blockchain company) partnered with Marathon Digital Holdings, a major U.S. Bitcoin mining firm, to launch sustainable Bitcoin mining operations in Abu Dhabi, showing strategic interest in the ecosystem.$BTC {spot}(BTCUSDT)
#AbuDhabiStablecoin If you're asking about Bitcoin reserves in Abu Dhabi (UAE), here's a concise overview:
Abu Dhabi & Bitcoin Reserves:
1. Government Holdings: The UAE government, including Abu Dhabi, has not officially disclosed holding Bitcoin as part of its reserves. However, the region is increasingly open to blockchain and crypto investments.
2. Private Sector & Investment Funds:
Abu Dhabi Global Market (ADGM) is a financial free zone that supports regulated crypto and blockchain firms.
Some wealth funds and private investment groups based in Abu Dhabi are believed to have exposure to Bitcoin and crypto assets, but the exact figures are not public.
3. Mining & Infrastructure:
In 2023, Zero Two (a UAE-based blockchain company) partnered with Marathon Digital Holdings, a major U.S. Bitcoin mining firm, to launch sustainable Bitcoin mining operations in Abu Dhabi, showing strategic interest in the ecosystem.$BTC
#AbuDhabiStablecoin Abu Dhabi is advancing its cryptocurrency strategy with plans for a new dirham-backed stablecoin, announced on April 28, 2025, by ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin, fully regulated by the UAE Central Bank, will operate on the ADI blockchain and aims to facilitate digital payments and enhance the UAE’s digital asset ecosystem. This follows the UAE’s launch of AE Coin, its first dirham-backed stablecoin, in December 2024, as part of the Central Bank’s “Digital Dirham” strategy initiated in March 2023. The UAE’s crypto-friendly regulations, including the recognition of stablecoins like Tether’s USDT and Circle’s USDC, and a $2 billion investment by Abu Dhabi’s MGX in Binance in March 2025, underscore its ambition to become a global crypto hub. @BTC
#AbuDhabiStablecoin
Abu Dhabi is advancing its cryptocurrency strategy with plans for a new dirham-backed stablecoin, announced on April 28, 2025, by ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin, fully regulated by the UAE Central Bank, will operate on the ADI blockchain and aims to facilitate digital payments and enhance the UAE’s digital asset ecosystem. This follows the UAE’s launch of AE Coin, its first dirham-backed stablecoin, in December 2024, as part of the Central Bank’s “Digital Dirham” strategy initiated in March 2023. The UAE’s crypto-friendly regulations, including the recognition of stablecoins like Tether’s USDT and Circle’s USDC, and a $2 billion investment by Abu Dhabi’s MGX in Binance in March 2025, underscore its ambition to become a global crypto hub. @BTC
#AbuDhabiStablecoin The bills now await the signature of Governor Katie Hobbs. Previously, Governor Hobbs had indicated a willingness to veto all legislation until a bipartisan budget addressing healthcare funding was passed. However, following a bipartisan agreement on April 24, the likelihood of her approving the Bitcoin reserve bills has increased . In fact If enacted, Arizona would set a national precedent by integrating Bitcoin into its fiscal strategy, potentially influencing other states considering similar measures. The initiative has already impacted the cryptocurrency market, with Bitcoin's price experiencing a notable increase following the legislative approval .
#AbuDhabiStablecoin The bills now await the signature of Governor Katie Hobbs. Previously, Governor Hobbs had indicated a willingness to veto all legislation until a bipartisan budget addressing healthcare funding was passed. However, following a bipartisan agreement on April 24, the likelihood of her approving the Bitcoin reserve bills has increased .
In fact
If enacted, Arizona would set a national precedent by integrating Bitcoin into its fiscal strategy, potentially influencing other states considering similar measures. The initiative has already impacted the cryptocurrency market, with Bitcoin's price experiencing a notable increase following the legislative approval .
#AbuDhabiStablecoin #cryptouniverseofficial 𝐔𝐀𝐄 𝐌𝐨𝐯𝐞𝐬 𝐅𝐨𝐫𝐰𝐚𝐫𝐝: 𝐍𝐞𝐰 𝐃𝐢𝐫𝐡𝐚𝐦-𝐁𝐚𝐜𝐤𝐞𝐝 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐢𝐬 𝐂𝐨𝐦𝐢𝐧𝐠! 🇦🇪🪙 (( A summarized explanation to what that actually is )) 🤌🏻🌹 Abu Dhabi is entering the stablecoin race. Three financial giants — ADQ, IHC, and First Abu Dhabi Bank — are partnering to launch a dirham-backed stablecoin, under the supervision of the UAE Central Bank. 🏦 The goal: a fast, secure, and compliant digital payment system for everyday use in retail, business, and government. The stablecoin will run on a local blockchain, ensuring transparency and regulatory control. 🔗 This move supports the UAE’s ambition to be a global crypto and fintech hub, especially after launching the AE Coin and allowing crypto payments in real estate and education. As digital currencies gain traction worldwide, the UAE’s initiative places it among the leaders of regulated crypto innovation in the Middle East. #AbuDhabiStablecoin
#AbuDhabiStablecoin
#cryptouniverseofficial
𝐔𝐀𝐄 𝐌𝐨𝐯𝐞𝐬 𝐅𝐨𝐫𝐰𝐚𝐫𝐝: 𝐍𝐞𝐰 𝐃𝐢𝐫𝐡𝐚𝐦-𝐁𝐚𝐜𝐤𝐞𝐝 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐢𝐬 𝐂𝐨𝐦𝐢𝐧𝐠! 🇦🇪🪙
(( A summarized explanation to what that actually is )) 🤌🏻🌹
Abu Dhabi is entering the stablecoin race. Three financial giants — ADQ, IHC, and First Abu Dhabi Bank — are partnering to launch a dirham-backed stablecoin, under the supervision of the UAE Central Bank. 🏦
The goal: a fast, secure, and compliant digital payment system for everyday use in retail, business, and government. The stablecoin will run on a local blockchain, ensuring transparency and regulatory control. 🔗
This move supports the UAE’s ambition to be a global crypto and fintech hub, especially after launching the AE Coin and allowing crypto payments in real estate and education.
As digital currencies gain traction worldwide, the UAE’s initiative places it among the leaders of regulated crypto innovation in the Middle East.
#AbuDhabiStablecoin
#AbuDhabiStablecoin Abu Dhabi is advancing its digital finance ambitions with plans to launch a dirham-backed stable coin, fully regulated by the UAE Central Bank. Spearheaded by major institutions—International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB)—this initiative aims to enhance secure and efficient digital transactions across various sectors. The stable coin will operate on the ADI blockchain, developed by the ADI Foundation, supporting applications like machine-to-machine payments and AI-driven processes. This move aligns with the UAE’s strategy to position itself as a global leader in digital finance and blockchain technology.
#AbuDhabiStablecoin
Abu Dhabi is advancing its digital finance ambitions with plans to launch a dirham-backed stable coin, fully regulated by the UAE Central Bank. Spearheaded by major institutions—International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB)—this initiative aims to enhance secure and efficient digital transactions across various sectors. The stable coin will operate on the ADI blockchain, developed by the ADI Foundation, supporting applications like machine-to-machine payments and AI-driven processes. This move aligns with the UAE’s strategy to position itself as a global leader in digital finance and blockchain technology.
#AbuDhabiStablecoin Abu Dhabi is set to launch a fully regulated, dirham-backed stablecoin, marking a significant step in the UAE's digital asset strategy. The initiative is a collaboration between ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB), with the stablecoin to be issued by FAB pending regulatory approval from the UAE Central Bank. Designed for widespread use—from everyday transactions to institutional applications—the stablecoin will operate on the ADI blockchain, aiming to bolster the UAE's position as a global fintech hub. #AbuDhabiStablecoin #DigitalDirham #CryptoInnovation (Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank Launch Dirham-Backed Stablecoin: UAE Central Bank Regulation Enhances Digital Asset Trading, FAB, IHC, and ADQ Unveil UAE’s First Fully Regulated Dirham Stablecoin, Abu Dhabi institutional giants team up for dirham stablecoin)
#AbuDhabiStablecoin Abu Dhabi is set to launch a fully regulated, dirham-backed stablecoin, marking a significant step in the UAE's digital asset strategy. The initiative is a collaboration between ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB), with the stablecoin to be issued by FAB pending regulatory approval from the UAE Central Bank. Designed for widespread use—from everyday transactions to institutional applications—the stablecoin will operate on the ADI blockchain, aiming to bolster the UAE's position as a global fintech hub. #AbuDhabiStablecoin #DigitalDirham #CryptoInnovation (Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank Launch Dirham-Backed Stablecoin: UAE Central Bank Regulation Enhances Digital Asset Trading, FAB, IHC, and ADQ Unveil UAE’s First Fully Regulated Dirham Stablecoin, Abu Dhabi institutional giants team up for dirham stablecoin)
#AbuDhabiStablecoin #ArizonaBTCReserve is making headlines as Arizona becomes the first U.S. state to approve the creation of a Bitcoin reserve. Under Senate Bills 1025 and 1373, the state treasurer is authorized to allocate up to 10% of Arizona's $31.5 billion in public funds into digital assets like Bitcoin. The bills also establish a Digital Assets Strategic Reserve Fund to manage acquired or seized cryptocurrencies with transparency and risk controls. If fully enacted, Arizona could invest around $3.14 billion, potentially securing roughly 31,000 BTC at current prices. The legislation now awaits Governor Katie Hobbs' signature to officially become law.
#AbuDhabiStablecoin #ArizonaBTCReserve is making headlines as Arizona becomes the first U.S. state to approve the creation of a Bitcoin reserve. Under Senate Bills 1025 and 1373, the state treasurer is authorized to allocate up to 10% of Arizona's $31.5 billion in public funds into digital assets like Bitcoin. The bills also establish a Digital Assets Strategic Reserve Fund to manage acquired or seized cryptocurrencies with transparency and risk controls. If fully enacted, Arizona could invest around $3.14 billion, potentially securing roughly 31,000 BTC at current prices. The legislation now awaits Governor Katie Hobbs' signature to officially become law.
#AbuDhabiStablecoin Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin. 💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts! #AbuDhabiStablecoin Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin
#AbuDhabiStablecoin Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!

#AbuDhabiStablecoin
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin
#AbuDhabiStablecoin rizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin. 💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin rizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi’s New Dirham-Backed Stablecoin Three major Abu Dhabi entities—sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—have announced plans to launch a stablecoin fully regulated by the Central Bank of the United Arab Emirates (CBUAE). This stablecoin will be pegged to the UAE dirham and aims to facilitate digital payments and enhance the nation’s adoption of digital currencies.   ⸻ 🏦 Institutional Backing and Regulatory Support The initiative is part of the UAE’s broader strategy to position itself as a global hub for digital assets. By introducing a dirham-backed stablecoin, the country seeks to provide a secure and regulated digital currency option that complements its existing financial infrastructure. ⸻ 🌐 Broader Implications for the Digital Economy The introduction of a dirham-backed stablecoin is expected to streamline cross-border transactions, reduce reliance on traditional banking systems, and promote financial inclusion. It also aligns with the UAE’s efforts to diversify its economy and embrace technological innovations in the financial sector.
#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi’s New Dirham-Backed Stablecoin
Three major Abu Dhabi entities—sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—have announced plans to launch a stablecoin fully regulated by the Central Bank of the United Arab Emirates (CBUAE). This stablecoin will be pegged to the UAE dirham and aims to facilitate digital payments and enhance the nation’s adoption of digital currencies.  

🏦 Institutional Backing and Regulatory Support
The initiative is part of the UAE’s broader strategy to position itself as a global hub for digital assets. By introducing a dirham-backed stablecoin, the country seeks to provide a secure and regulated digital currency option that complements its existing financial infrastructure.

🌐 Broader Implications for the Digital Economy
The introduction of a dirham-backed stablecoin is expected to streamline cross-border transactions, reduce reliance on traditional banking systems, and promote financial inclusion. It also aligns with the UAE’s efforts to diversify its economy and embrace technological innovations in the financial sector.
#AbuDhabiStablecoin Binance Trading: A Beginner’s Guide Binance is one of the world’s largest cryptocurrency exchanges, offering a wide range of trading options for beginners and experts alike. Here’s what you need to know to get started: 1. Create an Account Sign up on Binance by verifying your identity (KYC). Secure your account with two-factor authentication (2FA). 2. Deposit Funds Deposit crypto from another wallet or buy crypto directly using a bank transfer, credit card, or P2P trading. 3. Choose a Trading Option Spot Trading: Buy and sell cryptocurrencies instantly. Futures Trading: Trade contracts with leverage to maximize gains (and risks). Margin Trading: Borrow funds to trade larger positions. 4. Learn Technical Analysis Study candlestick patterns, support/resistance levels, and indicators like RSI and MACD. 5. Risk Management Use stop-loss and take-profit orders to minimize losses. Never invest more than you can afford to lose. 6. Stay Updated Follow market trends
#AbuDhabiStablecoin Binance Trading: A Beginner’s Guide

Binance is one of the world’s largest cryptocurrency exchanges, offering a wide range of trading options for beginners and experts alike. Here’s what you need to know to get started:

1. Create an Account

Sign up on Binance by verifying your identity (KYC).

Secure your account with two-factor authentication (2FA).

2. Deposit Funds

Deposit crypto from another wallet or buy crypto directly using a bank transfer, credit card, or P2P trading.

3. Choose a Trading Option

Spot Trading: Buy and sell cryptocurrencies instantly.

Futures Trading: Trade contracts with leverage to maximize gains (and risks).

Margin Trading: Borrow funds to trade larger positions.

4. Learn Technical Analysis

Study candlestick patterns, support/resistance levels, and indicators like RSI and MACD.

5. Risk Management

Use stop-loss and take-profit orders to minimize losses.

Never invest more than you can afford to lose.

6. Stay Updated

Follow market trends
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#AbuDhabiStablecoin AbuDhabiStablecoin Abu Dhabi's financial institutions are making significant strides in the digital asset space with the launch of a new Dirham-backed stablecoin. This initiative is a collaborative effort between Sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB). *Key Features of the Stablecoin:* - *Backed by Dirham*: The stablecoin will be pegged to the UAE's local currency, providing a stable digital asset for transactions. - *Regulatory Oversight*: The stablecoin will be subject to oversight by the UAE's central bank, ensuring compliance with regulatory frameworks.
#AbuDhabiStablecoin
AbuDhabiStablecoin Abu Dhabi's financial institutions are making significant strides in the digital asset space with the launch of a new Dirham-backed stablecoin. This initiative is a collaborative effort between Sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB).
*Key Features of the Stablecoin:*
- *Backed by Dirham*: The stablecoin will be pegged to the UAE's local currency, providing a stable digital asset for transactions.
- *Regulatory Oversight*: The stablecoin will be subject to oversight by the UAE's central bank, ensuring compliance with regulatory frameworks.
#AbuDhabiStablecoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds in Bitcoin. 💬 What is your opinion on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts
#AbuDhabiStablecoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds in Bitcoin.
💬 What is your opinion on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts
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