#AbuDhabiStablecoin Stablecoins can facilitate fast and low-cost transactions.

- *Trading*: Stablecoins provide a stable store of value for traders, allowing them to hedge against market volatility.

- *Remittances*: Stablecoins can be used for cross-border remittances, offering a more efficient and cost-effective alternative to traditional methods.

Abu Dhabi's stablecoin initiatives

Abu Dhabi has been actively exploring the potential of stablecoins and central bank digital currencies (CBDCs). The Abu Dhabi Global Market (ADGM) has issued its own stablecoin, called the dirham-pegged stablecoin, which is backed by the United Arab Emirates dirham.

Benefits

- *Stability*: Stablecoins can provide a stable store of value, reducing the risk of price volatility.

- *Efficiency*: Stablecoins can facilitate fast and low-cost transactions, improving the efficiency of financial systems.

- *Innovation*: Stablecoins can enable new financial products and services, driving innovation in the financial sector.