#AbuDhabiStablecoin in December 2024, as part of the Central Bank's "Digital Dirham" strategy initiated in March 2023. The UAE's cryptocurrency-friendly regulations, including the recognition of stablecoins like Tether's USDT and Circle's USDC, along with MGX's $2 billion investment in Binance in Abu Dhabi in March 2025, have underscored its ambition to become a global cryptocurrency hub.