#AbuDhabiStablecoin Abu Dhabi is taking firm steps towards financial digitalization. Tether announced plans to launch a stablecoin backed by the UAE dirham, in collaboration with Phoenix Group and Green Acorn Investment. Approval from the Central Bank is pending, but is expected in the coming months. 

Additionally, the MGX investment fund, backed by Mubadala, invested $2 billion in Binance, strengthening the UAE's position as a global hub for crypto assets. 

Are we witnessing the future of digital finance?