A New Era or a Digital Trojan Horse?
Abu Dhabi has just rolled out a dirham-backed stablecoin—fully regulated by the UAE Central Bank. Backed by financial heavyweights ADQ, IHC, and First Abu Dhabi Bank, this move positions the emirate at the forefront of the digital asset revolution.
The crypto world is buzzing: “A giant leap for adoption!”
But beneath the excitement lies a deeper concern.
What happens when stablecoins aren’t born from decentralized ideals—but are instead designed, issued, and controlled by governments?
How “crypto” is an asset when its value, governance, and circulation are entirely state-run?
This may look like innovation—but it could also mark the quiet birth of a new system: Blockchain embraced... only under surveillance.
The real question isn’t if governments will enter crypto—it’s how they’ll shape it.
And what freedoms could silently disappear in the process?
Are we witnessing a breakthrough—or the blueprint for a controlled financial future?
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