#AbuDhabiStablecoin #AbuDhabiStablecoin Arizona has enacted the Strategic Reserve Law for Bitcoin, which authorizes the state’s Department of Treasury and pension funds to allocate up to 10% of available funds to Bitcoin and other digital assets. If enacted, Arizona will become the first U.S. state to legally invest its public funds in Bitcoin.
💬 What do you think about states that hold Bitcoin? Does this set a precedent to be followed? Share your opinion!
ADQ, IHC, and First Abu Dhabi Bank, which are subsidiaries of Abu Dhabi, are launching a stablecoin backed by the UAE dirham, and it is fully regulated by the Central Bank of the UAE. This move is part of a broader national strategy to accelerate the growth of the digital assets economy in the region.
💬 How do you see the impact of government-backed stablecoins on the future of cryptocurrencies and global payments? Share your opinion!
