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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!
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Turn $10 into $8,600+ in 30 Days?!

🚀 Turn
$10 into $8,600+
in 30 Days?!

Yes — with daily 25% gains, the math checks out.
It’s not magic — it’s discipline + compounding!
💸 The 30-Day Crypto Flip Challenge:
Start with just $10 and aim for 25% profit daily:

Day 1: $12.50
Day 10: $93
Day 20: $875
Day 30: $8,600+

(Spoiler: Most people quit by Day 3 — don’t be one of them.)

✅ The Winning Formula:
Smart compounding
NO overtrading
ZERO greed

Daily profit-taking + patience = wealth
It’s not about luck. It’s about MINDSET.

⚡ Are YOU in?
Comment “I’M IN” if you’re ready to flip that $10 and change your game!

#CryptoChallenge #AITokensBounce #SaylorBTCPurchase #AbuDhabiStablecoin #TrumptaxCuts
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Bullish
$BTC ARI Wallet Daily Quiz Answer Question: What is the penalty when a BP or BO is off line? Answer: C) No rewards for the offline period. #Arichain ❤️ LIKE 🫂 FOLLOW 🗳 REPOST 🔄 SHARE ⌨️ COMMENT 🫂 Your support means everything! We put in immense effort to deliver the best investment insights. Your generous tipping inspire us to keep working hard and providing you with top-quality investment advice. Thank you for standing with us! #BTCRebound #AbuDhabiStablecoin
$BTC ARI Wallet Daily Quiz Answer
Question: What is the penalty when a BP or BO is off line?

Answer: C) No rewards for the offline period.
#Arichain
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$BTC Answer Quiz: A “flash loan” must be ______ within one block. Answer: D) Fully Repaid. ❤️ LIKE 🫂 FOLLOW 🗳 REPOST 🔄 SHARE ⌨️ COMMENT 🫂 Your support means everything! We put in immense effort to deliver the best investment insights. Your generous tipping inspire us to keep working hard and providing you with top-quality investment advice. Thank you for standing with us! #BTCRebound #AbuDhabiStablecoin
$BTC Answer
Quiz: A “flash loan” must be ______ within one block.
Answer: D) Fully Repaid.
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⌨️ COMMENT
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#BTCRebound #AbuDhabiStablecoin
#TradeWarEases Xenea Wallet Daily Quiz Answer Quiz: A “flash loan” must be ______ within one block. Answer: D) Fully Repaid. ❤️ LIKE 🫂 FOLLOW 🗳 REPOST 🔄 SHARE ⌨️ COMMENT 🫂 Your support means everything! We put in immense effort to deliver the best investment insights. Your generous tipping inspire us to keep working hard and providing you with top-quality investment advice. Thank you for standing with us! #BTCRebound #AbuDhabiStablecoin
#TradeWarEases Xenea Wallet Daily Quiz Answer
Quiz: A “flash loan” must be ______ within one block.

Answer: D) Fully Repaid.

❤️ LIKE 🫂 FOLLOW 🗳 REPOST 🔄 SHARE
⌨️ COMMENT
🫂 Your support means everything! We put in immense effort to deliver the best investment insights. Your generous tipping inspire us to keep working hard and providing you with top-quality investment advice. Thank you for standing with us!
#BTCRebound #AbuDhabiStablecoin
ARI Wallet Daily Quiz Answer Question: What is the purpose of the storage fund in Arichain? Answer: B) Long-term preservation of blockchain data. #Arichain ❤️ LIKE 🫂 FOLLOW 🗳 REPOST 🔄 SHARE ⌨️ COMMENT 🫂 Your support means everything! We put in immense effort to deliver the best investment insights. Your generous tipping inspire us to keep working hard and providing you with top-quality investment advice. Thank you for standing with us! #BTCRebound #AbuDhabiStablecoin
ARI Wallet Daily Quiz Answer
Question: What is the purpose of the storage fund in Arichain?

Answer: B) Long-term preservation of blockchain data.
#Arichain
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⌨️ COMMENT
🫂 Your support means everything! We put in immense effort to deliver the best investment insights. Your generous tipping inspire us to keep working hard and providing you with top-quality investment advice. Thank you for standing with us!
#BTCRebound #AbuDhabiStablecoin
#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 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!
#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 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!
#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi is launching a dirham-backed stablecoin, developed in partnership with three major UAE institutions: International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB). This stablecoin aims to ¹ ²: - *Enhance Digital Infrastructure*: Strengthen the UAE's digital economy and position the country as a leader in global fintech innovation.
#AbuDhabiStablecoin
#AbuDhabiStablecoin
Abu Dhabi is launching a dirham-backed stablecoin, developed in partnership with three major UAE institutions: International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB). This stablecoin aims to ¹ ²:
- *Enhance Digital Infrastructure*: Strengthen the UAE's digital economy and position the country as a leader in global fintech innovation.
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#AbuDhabiStablecoin AbuDhabiStablecoin Relevant hashtags for posts about stablecoins in Abu Dhabi may include: * #AbuDhabiStablecoin * #ADStablecoin * #UAEStablecoin * #StablecoinsAD * #ADGMStablecoins (if the post focuses on the global market of Abu Dhabi) * #AEDStablecoin (if the post discusses stablecoins pegged to the UAE dirham) * #CryptoAD * #DigitalAssetsAD * #UAEFintech * #Stablecoins * #CryptoNews You may also consider hashtags related to regulatory bodies or specific initiatives, such as: * #ADGMRegulation (for the global market of Abu Dhabi) * #CBUAE (for the central bank of the UAE, which also plays a role in the regulation of stablecoins)
#AbuDhabiStablecoin
AbuDhabiStablecoin
Relevant hashtags for posts about stablecoins in Abu Dhabi may include:
* #AbuDhabiStablecoin
* #ADStablecoin
* #UAEStablecoin
* #StablecoinsAD
* #ADGMStablecoins (if the post focuses on the global market of Abu Dhabi)
* #AEDStablecoin (if the post discusses stablecoins pegged to the UAE dirham)
* #CryptoAD
* #DigitalAssetsAD
* #UAEFintech
* #Stablecoins
* #CryptoNews
You may also consider hashtags related to regulatory bodies or specific initiatives, such as:
* #ADGMRegulation (for the global market of Abu Dhabi)
* #CBUAE (for the central bank of the UAE, which also plays a role in the regulation of stablecoins)
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#AbuDhabiStablecoin in December 2024, as part of the Central Bank's "Digital Dirham" strategy initiated in March 2023. The UAE's cryptocurrency-friendly regulations, including the recognition of stablecoins like Tether's USDT and Circle's USDC, along with MGX's $2 billion investment in Binance in Abu Dhabi in March 2025, have underscored its ambition to become a global cryptocurrency hub.
#AbuDhabiStablecoin in December 2024, as part of the Central Bank's "Digital Dirham" strategy initiated in March 2023. The UAE's cryptocurrency-friendly regulations, including the recognition of stablecoins like Tether's USDT and Circle's USDC, along with MGX's $2 billion investment in Binance in Abu Dhabi in March 2025, have underscored its ambition to become a global cryptocurrency hub.
**Abu Dhabi Stablecoin Initiative** Abu Dhabi is advancing its digital economy with a new dirham-backed stablecoin, a collaboration between sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and conglomerate IHC. Regulated by the UAE Central Bank, the stablecoin aims to enhance payments, trade, and machine-to-machine transactions while reducing reliance on dollar-pegged alternatives . Built on the ADI blockchain—a UAE-developed platform—it prioritizes security, transparency, and compliance . This initiative aligns with the UAE’s strategy to become a global fintech hub, fostering innovation in AI-driven finance and cross-border remittances . Launch is pending regulatory approval, with potential to transform regional digital liquidity . #AbuDhabiStablecoin
**Abu Dhabi Stablecoin Initiative**

Abu Dhabi is advancing its digital economy with a new dirham-backed stablecoin, a collaboration between sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and conglomerate IHC. Regulated by the UAE Central Bank, the stablecoin aims to enhance payments, trade, and machine-to-machine transactions while reducing reliance on dollar-pegged alternatives . Built on the ADI blockchain—a UAE-developed platform—it prioritizes security, transparency, and compliance . This initiative aligns with the UAE’s strategy to become a global fintech hub, fostering innovation in AI-driven finance and cross-border remittances . Launch is pending regulatory approval, with potential to transform regional digital liquidity .
#AbuDhabiStablecoin
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#AbuDhabiStablecoin #ArizonaBTCReserve Arizona has approved the Bitcoin Strategic Reserve Act, authorizing the state treasury and pension funds to allocate up to 10% of available funds in Bitcoin and other digital assets. If signed into law, Arizona would become the first state in the U.S. to legally invest public funds in Bitcoin. 💬 What are your thoughts on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin #ArizonaBTCReserve
Arizona has approved the Bitcoin Strategic Reserve Act, authorizing the state treasury and pension funds to allocate up to 10% of available funds in Bitcoin and other digital assets. If signed into law, Arizona would become the first state in the U.S. to legally invest public funds in Bitcoin.
💬 What are your thoughts on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
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#AbuDhabiStablecoin #XRPETF 🧠🧠CryptoParaNoobs Chapter 4 - What is the XRP ETF and why is it important? What is an XRP ETF? An XRP Exchange-Traded Fund (ETF) would allow investors to gain exposure to XRP without needing to directly own the cryptocurrency. This is achieved through a fund that tracks the price of XRP and is traded on traditional exchanges, making it accessible to institutional and retail investors. In October 2024, Bitwise Asset Management filed an application with the SEC to launch an XRP ETF. The SEC formally acknowledged this application in February 2025, initiating the review process. This proposed ETF would provide investors with a regulated way to invest in XRP, which could enhance the legitimacy and adoption of the cryptocurrency. 📊Potential market impact JPMorgan analysts estimate that XRP ETFs could attract up to $8 billion in their first year of operation. $XRP This capital influx could have a significant impact on the price of XRP and the overall market perception of cryptocurrencies. 🔎🔎Regulatory considerations The approval of an XRP ETF depends on the regulatory classification of the cryptocurrency. In 2023, a court ruling determined that secondary sales of XRP do not constitute securities offerings, which could favor the ETF's approval. Crypto Briefing What do you think? ⏭️⏭️Do you believe that the approval of an XRP ETF will boost its adoption and price? Would you like us to delve deeper into how cryptocurrency ETFs work in a future chapter? Leave your comment and let’s keep learning together!
#AbuDhabiStablecoin #XRPETF
🧠🧠CryptoParaNoobs Chapter 4 - What is the XRP ETF and why is it important?
What is an XRP ETF?
An XRP Exchange-Traded Fund (ETF) would allow investors to gain exposure to XRP without needing to directly own the cryptocurrency. This is achieved through a fund that tracks the price of XRP and is traded on traditional exchanges, making it accessible to institutional and retail investors.
In October 2024, Bitwise Asset Management filed an application with the SEC to launch an XRP ETF. The SEC formally acknowledged this application in February 2025, initiating the review process.
This proposed ETF would provide investors with a regulated way to invest in XRP, which could enhance the legitimacy and adoption of the cryptocurrency.
📊Potential market impact
JPMorgan analysts estimate that XRP ETFs could attract up to $8 billion in their first year of operation.
$XRP
This capital influx could have a significant impact on the price of XRP and the overall market perception of cryptocurrencies.
🔎🔎Regulatory considerations
The approval of an XRP ETF depends on the regulatory classification of the cryptocurrency. In 2023, a court ruling determined that secondary sales of XRP do not constitute securities offerings, which could favor the ETF's approval. Crypto Briefing
What do you think?
⏭️⏭️Do you believe that the approval of an XRP ETF will boost its adoption and price? Would you like us to delve deeper into how cryptocurrency ETFs work in a future chapter?
Leave your comment and let’s keep learning together!
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#AbuDhabiStablecoin Binance Promotion: Binance is offering points to users who create posts on their platform using the hashtags #ArizonaBTCReserve, #AbuDhabiStablecoin or the cashtag $BTC, or who share their trader profiles and insights. The promotion has a limited period and rewards are given on a first-come, first-served basis. Analysis and Opinions:
#AbuDhabiStablecoin Binance Promotion: Binance is offering points to users who create posts on their platform using the hashtags #ArizonaBTCReserve, #AbuDhabiStablecoin or the cashtag $BTC, or who share their trader profiles and insights. The promotion has a limited period and rewards are given on a first-come, first-served basis.
Analysis and Opinions:
#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi embraces the future: Dirham- backed Stablecoins take centre stage with #AbuDhabiStablecoin Abu Dhabi is making significant strides in the digital currency arena with the introduction of dirham-backed stablecoins, prominently discussed under the #AbuDhabiStablecoin . This initiative is part of the UAE’s broader strategy to position itself as a global hub for digital assets. Key Developments 1. New Dirham-Backed Stablecoin Initiative On April 28, 2025, three major Abu Dhabi entities—sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—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. 2. AE Coin AE Coin is the UAE’s first regulated stablecoin backed by the dirham (AED). It has received in-principle approval from the UAE Central Bank, with backing from IHC and First Abu Dhabi Bank. AE Coin will be used for crypto trading, payments, and financial services, supporting the UAE’s digital economy goals. 3. DRAM Stablecoin DRAM, developed by Distributed Technologies Research (DTR), is an Ethereum-based ERC-20 token pegged to the UAE dirham. Launched on decentralized platforms like Uniswap and PancakeSwap, DRAM is issued by Hong Kong-based DRAM Trust, ensuring that each token is backed by dirham reserves held in regulated financial institutions. While currently not available in the UAE or Hong Kong, discussions are underway to list DRAM on centralized exchanges outside these jurisdictions. Regulatory Landscape The Central Bank of the UAE (CBUAE) has been proactive in establishing a regulatory framework for digital currencies. The introduction of dirham-backed stablecoins aligns with the UAE’s efforts to diversify its economy and embrace technological innovations in the financial sector.
#AbuDhabiStablecoin
#AbuDhabiStablecoin
Abu Dhabi embraces the future: Dirham- backed Stablecoins take centre stage with #AbuDhabiStablecoin
Abu Dhabi is making significant strides in the digital currency arena with the introduction of dirham-backed stablecoins, prominently discussed under the #AbuDhabiStablecoin . This initiative is part of the UAE’s broader strategy to position itself as a global hub for digital assets.
Key Developments
1. New Dirham-Backed Stablecoin Initiative
On April 28, 2025, three major Abu Dhabi entities—sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—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.
2. AE Coin
AE Coin is the UAE’s first regulated stablecoin backed by the dirham (AED). It has received in-principle approval from the UAE Central Bank, with backing from IHC and First Abu Dhabi Bank. AE Coin will be used for crypto trading, payments, and financial services, supporting the UAE’s digital economy goals.
3. DRAM Stablecoin
DRAM, developed by Distributed Technologies Research (DTR), is an Ethereum-based ERC-20 token pegged to the UAE dirham. Launched on decentralized platforms like Uniswap and PancakeSwap, DRAM is issued by Hong Kong-based DRAM Trust, ensuring that each token is backed by dirham reserves held in regulated financial institutions. While currently not available in the UAE or Hong Kong, discussions are underway to list DRAM on centralized exchanges outside these jurisdictions.
Regulatory Landscape
The Central Bank of the UAE (CBUAE) has been proactive in establishing a regulatory framework for digital currencies. The introduction of dirham-backed stablecoins aligns with the UAE’s efforts to diversify its economy and embrace technological innovations in the financial sector.
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#AbuDhabiStablecoin Until April 29, 2025, Abu Dhabi has made significant progress in the development and regulation of stablecoins, consolidating its position as a digital financial center in the region. The Central Bank of the United Arab Emirates has granted final approval to AE Coin, a stablecoin backed by the dirham. This approval allows its use in digital transactions, offering a stable and regulated option for businesses and consumers within the country. At the same time, Tether has announced plans to launch a stablecoin linked to the dirham in collaboration with Phoenix Group and Green Acorn Investments. This move aims to diversify digital currency options in the region and facilitate international trade and remittances. Additionally, the Financial Services Regulatory Authority of the Abu Dhabi Global Market has officially recognized Tether's USDT as an accepted virtual asset. This approval allows financial service providers to offer products related to USDT, integrating it into Abu Dhabi's regulated financial ecosystem. These developments reflect Abu Dhabi's commitment to financial innovation and its strategy to become a leader in the field of digital finance.
#AbuDhabiStablecoin Until April 29, 2025, Abu Dhabi has made significant progress in the development and regulation of stablecoins, consolidating its position as a digital financial center in the region.
The Central Bank of the United Arab Emirates has granted final approval to AE Coin, a stablecoin backed by the dirham. This approval allows its use in digital transactions, offering a stable and regulated option for businesses and consumers within the country.
At the same time, Tether has announced plans to launch a stablecoin linked to the dirham in collaboration with Phoenix Group and Green Acorn Investments. This move aims to diversify digital currency options in the region and facilitate international trade and remittances.
Additionally, the Financial Services Regulatory Authority of the Abu Dhabi Global Market has officially recognized Tether's USDT as an accepted virtual asset. This approval allows financial service providers to offer products related to USDT, integrating it into Abu Dhabi's regulated financial ecosystem.
These developments reflect Abu Dhabi's commitment to financial innovation and its strategy to become a leader in the field of digital finance.
#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 . 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 .
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 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 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.
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In 2025, the state of Arizona began taking concrete steps towards adopting Bitcoin as part of its financial strategy, joining 16 other American states that have proposed legislation to create a strategic reserve of Bitcoin. Among these states are Texas, Oklahoma, and Utah, with some of the bills already successfully passing significant legislative stages, demonstrating broad political support for this idea. Who is leading this trend in Arizona? Senator Wendy Rogers has been one of the most prominent supporters of adopting digital currencies in the state. In 2022, she introduced a bill to recognize Bitcoin as legal tender in Arizona, although the proposal faced constitutional objections. Subsequently, Rogers introduced other bills allowing government agencies to accept payment in digital currencies, with tax exemptions on certain related transactions. Why this trend? These initiatives aim to: • Diversify the state's financial reserves. • Keep up with developments in the world of financial technology. • Benefit from the rising value of Bitcoin as a digital asset. But there are challenges: Despite the enthusiasm, investing in Bitcoin carries risks, the most significant being price volatility and instability, which could affect the stability of state budgets.$BTC
In 2025, the state of Arizona began taking concrete steps towards adopting Bitcoin as part of its financial strategy, joining 16 other American states that have proposed legislation to create a strategic reserve of Bitcoin.
Among these states are Texas, Oklahoma, and Utah, with some of the bills already successfully passing significant legislative stages, demonstrating broad political support for this idea.
Who is leading this trend in Arizona?
Senator Wendy Rogers has been one of the most prominent supporters of adopting digital currencies in the state. In 2022, she introduced a bill to recognize Bitcoin as legal tender in Arizona, although the proposal faced constitutional objections.
Subsequently, Rogers introduced other bills allowing government agencies to accept payment in digital currencies, with tax exemptions on certain related transactions.
Why this trend?
These initiatives aim to:
• Diversify the state's financial reserves.
• Keep up with developments in the world of financial technology.
• Benefit from the rising value of Bitcoin as a digital asset.
But there are challenges:
Despite the enthusiasm, investing in Bitcoin carries risks, the most significant being price volatility and instability, which could affect the stability of state budgets.$BTC
$BTC {spot}(BTCUSDT) #AbuDhabiStablecoin Three major Abu Dhabi institutions are teaming up to launch a dirham-pegged stablecoin, pending regulatory approval. The partners include Abu Dhabi’s sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and the International Holding Company (IHC). The stablecoin will be regulated by the UAE’s central bank and backed by the dirham. It aims to support use cases like machine-to-machine communication and artificial intelligence. The project will operate on the ADI blockchain, created by the ADI Foundation, a non-profit focused on blockchain adoption. The initiative seeks to position the UAE as a leader in global blockchain innovation. It also aims to strengthen the country’s digital infrastructure and provide new financial opportunities. The UAE joins other nations exploring alternatives to US dollar-backed stablecoins, as global interest in national digital currencies grows.
$BTC
#AbuDhabiStablecoin Three major Abu Dhabi institutions are teaming up to launch a dirham-pegged stablecoin, pending regulatory approval. The partners include Abu Dhabi’s sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and the International Holding Company (IHC).

The stablecoin will be regulated by the UAE’s central bank and backed by the dirham. It aims to support use cases like machine-to-machine communication and artificial intelligence. The project will operate on the ADI blockchain, created by the ADI Foundation, a non-profit focused on blockchain adoption.

The initiative seeks to position the UAE as a leader in global blockchain innovation. It also aims to strengthen the country’s digital infrastructure and provide new financial opportunities.

The UAE joins other nations exploring alternatives to US dollar-backed stablecoins, as global interest in national digital currencies grows.
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