#AbuDhabiStablecoin The launch of Abu Dhabi's dirham-backed stablecoin by the UAE Central Bank has sparked a mix of excitement and concern. On one hand, it's being hailed as a significant step forward for crypto adoption. However, few are questioning the potential implications of a stablecoin created and controlled by the government. What happens when a digital asset's value and governance are entirely in state hands? Doesn't that undermine its decentralized nature? This initiative might look like progress, but it could be the beginning of a new narrative: crypto is welcome - as long as it's monitored. The real question is, will governments adopt blockchain technology, or will they use it to exert even more control over our financial systems? The line between progress and surveillance is getting increasingly blurred.
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