#AbuDhabiStablecoin 🇦🇪 Abu Dhabi launches official stablecoin backed by dirhams

Attention to the strategic movement from the United Arab Emirates!

ADQ, IHC, and First Abu Dhabi Bank are launching a fully regulated stablecoin, backed by dirhams and supervised by the Central Bank of the UAE.

This step is part of a national vision to drive the development of a robust digital economy, based on blockchain, efficient payments, and mass adoption of digital assets.

What does this imply?

Government-issued stablecoins could transform the current financial system, reducing dependence on the dollar in international transfers and enhancing the interoperability of global payments.

Moreover, they could put pressure on private stablecoins like USDT and USDC, forcing them to operate with more transparency and regulation.

Are we facing the future of global payments?

I’m interested in hearing your opinion!