AbuDhabl

#AbuDhabiStablecoin Abu Dhabi launches a stablecoin backed by the UAE Dirham $XRP
Abu Dhabi has announced the launch of a stablecoin backed by the UAE Dirham, as part of its efforts to enhance innovation in the blockchain sector. Here are the details:
Details of the stablecoin
- *Partnership*: The partnership was announced between three key institutions in Abu Dhabi, namely ADQ (Abu Dhabi Sovereign Wealth Fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC), to launch the stablecoin.
- *Regulation*: The stablecoin will be subject to regulation by the Central Bank of the UAE and will be backed by the UAE Dirham, ensuring its stability and security. #AbuDhabl
- *Technology*: The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, a nonprofit organization dedicated to promoting the adoption of blockchain technology.
- *Uses of the currency*: The stablecoin aims to support various applications, including automated transactions between devices, artificial intelligence, and daily digital payments.
Benefits and Impact
- *Enhancing digital infrastructure*: This launch enhances the digital infrastructure in Abu Dhabi and positions the UAE at the forefront of global innovation in the blockchain field.
- *Financial inclusion*: The stablecoin can increase financial inclusion and accessibility, especially in high-volume remittance channels.

#AbuDhabiStablecoin Three prominent Abu Dhabi organizations, including a sovereign wealth fund, are set to launch a stablecoin backed by the UAE dirham and fully regulated by the Central Bank of the United Arab Emirates. This initiative aims to accelerate the nation’s digital currency adoption and streamline payment systems across the region.
#AbuDhabl

#AbuDhabiStablecoin
#AbuDhabiCrypto
#AbuDhabl
Abu Dhabi is launching a dirham-pegged stablecoin, regulated by the UAE's Central Bank, to operate on the AD1 blockchain. This digital currency aims to support machine-to-machine and artificial intelligence transactions, similar to USDT and USDC. The Abu Dhabi 1 foundation will develop the AD1 blockchain, potentially exceeding a market cap of $243 billion. This move could revolutionize digital currencies, following the success of dollar-pegged stablecoins like USDT, which surpassed $230 billion in market cap. Other countries, including Russia, are exploring similar initiatives. The introduction of a dirham-pegged stablecoin could increase adoption and innovation in the global blockchain ecosystem. This development highlights the growing interest in digital currencies and their potential to transform the financial landscape. The UAE's initiative may pave the way for other nations to explore similar projects.

#AbuDhabiStablecoin
Abu Dhabi, through the UAE Central Bank, is preparing to launch its official digital currency called the Digital Dirham. This CBDC (Central Bank Digital Currency) aims to make payments faster, cheaper, and more secure. It supports the UAE’s goal of becoming a global crypto hub, alongside Binance’s growing presence in the region.

The Digital Dirham will be used for local and cross-border transactions, helping boost financial inclusion and reduce cash dependency. Abu Dhabi’s move shows strong support for blockchain and digital finance.

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#AbuDhabiStablecoin #AbuDhabiCrypto #AbuDhabl #binanacesquarenews

Abu Dhabi has taken a historic step by

announcing the launch of its own stablecoin,

government-backed and designed to boost

financial digitization in the region.

This stable cryptocurrency promises

security, speed, and transparency. 🏛️🔐

The stablecoin will be pegged to the Emirati

dirham, ensuring stability in its value and

trust for local and international users. Its

main objective is to facilitate digital

payments, remittances, and trade within

and outside the UAE. 💵🌐

Moreover, this project is backed by the Abu

Dhabi Global Market (ADGM), which ensures

clear regulation and state-of-the-art

blockchain technology to protect

transactions. 📲🛡️

With this initiative, Abu Dhabi positions itself

as a leader in financial innovation in the

Middle East, opening the door to a new era

of digital finance. 🚀📉
#AbuDhabiCrypto
#AbuDhabl
$BTC