#AbuDhabiStablecoin

The state of Arizona has approved the Strategic Reserve Act for Bitcoin, which allows the state treasury and pension funds to allocate up to 10% of available funds to Bitcoin and other digital assets. If the law is signed, Arizona will become the first U.S. state to legally invest public funds in Bitcoin.

💬 Do you think governments should hold Bitcoin? Could this set a precedent for others? Share your thoughts!

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ADQ, International Holding Company, and First Abu Dhabi Bank have announced the launch of a stablecoin backed by the UAE Dirham and fully regulated by the Central Bank of the UAE.