Binance News
--
Abu Dhabi Entities Announce Plans for Dirham-Backed Stablecoin
According to BlockBeats, Abu Dhabi's sovereign wealth fund ADQ, conglomerate IHC, and the First Abu Dhabi Bank, the largest bank in the UAE by assets, have announced plans to launch a new stablecoin backed by the Dirham, the official currency of the United Arab Emirates. The companies stated that the stablecoin will be fully regulated by the UAE Central Bank. This initiative signifies a deeper investment by Gulf nations in the cryptocurrency sector.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
CKB
0.00599
+4.72%