Bradley Morrell I077
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Operating in Abu Dhabi Global Market (ADGM).
#AbuDhabiStablecoin Hold onto your digital seats! The universe of stablecoins has just received a jolt with the bombshell news from Abu Dhabi. Three institutional giants, Abu Dhabi Developmental Holding Company (ADQ), International Holding Company (IHC), and First Abu Dhabi Bank (FAB), have joined forces to launch a stablecoin backed by none other than the Emirati dirham!
Imagine the potential: a stable digital currency, anchored to the local fiat currency and backed by such powerful entities. This is not just another cryptocurrency entering the arena; it is a statement of intent from Abu Dhabi on the stage of digital financial innovation. This new stablecoin, which will operate under the supervision of the UAE Central Bank and on the ADI blockchain, is expected to revolutionize payment solutions for both consumers and businesses within the country and beyond.
Imagine the potential: a stable digital currency, anchored to the local fiat currency and backed by such powerful entities. This is not just another cryptocurrency entering the arena; it is a statement of intent from Abu Dhabi on the stage of digital financial innovation. This new stablecoin, which will operate under the supervision of the UAE Central Bank and on the ADI blockchain, is expected to revolutionize payment solutions for both consumers and businesses within the country and beyond.
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