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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.
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$SUI SUIUSDT Perp 3.5857 +0.17% SUI/USDT — Major Token Unlock Alert! 74M Tokens Worth Over $262M Set to Unlock! ⚠️📉
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According to BlockBeats, the Arizona House of Representatives is set to convene this afternoon at 1 PM local time to discuss two significant pieces of legislation related to Bitcoin reserves. The bills, SB1373 and SB1025, are on the agenda for a final vote. These legislative measures could have important implications for the state's approach to cryptocurrency reserves. $BTC
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Sui Price Alert!!! Sui currently trading at 3.73-3.75 but it is going towards 3.9-4 dollars. Now sui ranking on 5th as per 24h trading $SUI
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According to TechFlow, blockchain analyst Lookonchain reported significant changes in stablecoin volumes over the past week. Tron experienced an increase of $2.17 billion in stablecoins, while the Avalanche network saw a decrease of $66.22 million in stablecoins, specifically USDT and USDC $USDC $AVAX
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