#AbuDhabiStablecoin "Digital Dirham" of the Central Bank, which was initiated in March 2023. Regulations friendly to cryptocurrencies, UAE, including the recognition of stablecoins such as USDT from Tether and USDC from Circle, along with a $2 billion investment from MGX in Abu Dhabi in Binance in March 2025, highlighted its ambitions to become a global cryptocurrency hub