#AbuDhabiStablecoin AbuDhabiStablecoin

Abu Dhabi is making big moves in crypto!

ADQ, IHC, and First Abu Dhabi Bank are set to launch a dirham-backed stablecoin fully regulated by the UAE Central Bank.

This stablecoin is part of a national strategy to grow the digital asset economy in the UAE and boost innovation in global payments and financial services.

With full government backing, this project adds credibility and could set a model for other countries exploring stablecoins.

Do you think government-backed stablecoins will drive wider crypto adoption or challenge decentralized models?

Share your take below!