#AbuDhabiStablecoin
Both the Abu Dhabi Developmental Holding Company (ADQ) and the International Holding Company (IHC) along with First Abu Dhabi Bank are launching a stablecoin backed by the UAE dirham, which is regulated by the Central Bank of the UAE. This step is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
It includes Abu Dhabi Bank, the largest bank in the UAE by assets, as well as the sovereign wealth fund of the Abu Dhabi government and the International Holding Company.
How do you see the impact of government-backed stablecoins on the future of cryptocurrencies and global payments? Share your thoughts and what’s on your mind as a follower and investor in cryptocurrencies.
