๐๐๐ ๐๐จ๐ฏ๐๐ฌ ๐ ๐จ๐ซ๐ฐ๐๐ซ๐: ๐๐๐ฐ ๐๐ข๐ซ๐ก๐๐ฆ-๐๐๐๐ค๐๐ ๐๐ญ๐๐๐ฅ๐๐๐จ๐ข๐ง ๐ข๐ฌ ๐๐จ๐ฆ๐ข๐ง๐ ! ๐ฆ๐ช๐ช
(( A summarized explanation to what that actually is )) ๐ค๐ป๐น
Abu Dhabi is entering the stablecoin race. Three financial giants โ ADQ, IHC, and First Abu Dhabi Bank โ are partnering to launch a dirham-backed stablecoin, under the supervision of the UAE Central Bank. ๐ฆ
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. ๐
This move supports the UAEโs 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 UAEโs initiative places it among the leaders of regulated crypto innovation in the Middle East.
