#AbuDhabiStablecoin

Why is Abu Dhabi developing this stablecoin?

The development of this stablecoin responds to several strategic objectives:

1. Strengthen digital infrastructure: The stablecoin aims to reinforce the digital infrastructure of the UAE, facilitating secure and efficient digital payments for both citizens and businesses and institutions.

2. Drive innovation in blockchain: With this initiative, Abu Dhabi aims to position the UAE at the forefront of global blockchain innovation, promoting the use of emerging technologies such as artificial intelligence and machine-to-machine transactions.

3. Attract foreign investment: By establishing a regulated and favorable environment for digital assets, the UAE seeks to attract investments and global talent in the technology and financial sectors.

4. Diversify the economy: The stablecoin is part of a broader strategy to diversify the UAE's economy, reducing dependency on oil and fostering sectors like financial technology and digital assets.