#AbuDhabiStablecoin 𝐔𝐀𝐄 𝐌𝐨𝐯𝐞𝐬 𝐅𝐨𝐫𝐰𝐚𝐫𝐝: 𝐍𝐞𝐰 𝐃𝐢𝐫𝐡𝐚𝐦-𝐁𝐚𝐜𝐤𝐞𝐝 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐢𝐬 𝐂𝐨𝐦𝐢𝐧𝐠! 🇦🇪🪙
(( A summarized explanation to what that actually is )) 🤌🏻🌹
Abu Dhabi is entering the stablecoin race. Three financial giants — ADQ, IHC, and First Abu Dhabi Bank — are partnering to launch a dirham-backed stablecoin, under the supervision of the UAE Central Bank. 🏦
The goal: a fast, secure, and compliant digital payment system for everyday use in retail, business, and government. The stablecoin will run on a local blockchain, ensuring transparency and regulatory control. 🔗
This move supports the UAE’s ambition to be a global crypto and fintech hub, especially after launching the AE Coin and allowing crypto payments in real estate and education.
As digital currencies gain traction worldwide,