#AbuDhabiStablecoin
The dirham is the stable currency in Abu Dhabi. The United Arab Emirates will operate the ADI blockchain technology for the dirham. Abu Dhabi institutions and the UAE sovereign wealth fund have decided to launch a new stablecoin linked to the dirham.
The UAE Central Bank will regulate the stablecoins linked to the dirham. These currencies will support automated transactions and artificial intelligence. In short, what are the operations performed on USDT and USDC? The same mechanisms will be developed for the digital currency.
They wish to trade on a global blockchain mechanism or system (innovation).
Abu Dhabi Foundation will develop the AD1 blockchain for the digital dirham.
Investment and market value of the dirham may exceed 243 billion dollars.
A revolution or reform in digital currencies has begun. The market value of the US dollar 💵 (USDT) exceeded 230 billion dollars on April 25. Russia 🪆 and other countries 🤔 are considering stable digital currencies.