#AbuDhabiStablecoin

**#AbuDhabiStablecoin - A New Breakthrough for the UAE in the Global Stablecoin Race**

Recently, **Abu Dhabi Global Market (ADGM)** officially announced plans to issue an **AED-backed stablecoin** in Q1/2025, marking a significant step in the strategy to become the world's leading crypto hub for the UAE.

### **3 Breakthrough Points of Abu Dhabi Stablecoin (#AbuDhabiStablecoin)**

✅ **Multi-chain support**: Launched on Ethereum, Solana, and Ripple XRP Ledger from the start

✅ **Transparent reserve mechanism**: Monthly audits by Big4

✅ **Attractive interest rates**: Expected 5-7% APR for holders

### **Immediate Market Impact**

📈 **XRP rose 12%** after the announcement of the partnership with Ripple

📊 **First Abu Dhabi Bank (FAB.AD) shares increased by 5.3%**

💱 **AED/USD reduces pressure to convert to USD**

### **Smart Investment Strategy**

🔸 Monitor the first DeFi projects integrating this stablecoin

🔸 Consider buying XRP before the stablecoin officially launches

🔸 Explore staking opportunities from partner platforms

**"This will be the strongest legally supported stablecoin in the Middle East"**

- Ahmed Al Jasmi, Chairman of ADGM (Speaking at the Fintech Abu Dhabi 2024 Conference)