The UAE is one of the countries in the Middle East developing digital payment methods. To facilitate digital payment transactions, the UAE Central Bank announced a plan for a stablecoin backed by the new dirham, which was announced on April 28, 2025, by ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin, fully regulated by the UAE Central Bank, will operate on the ADI blockchain. If guaranteed by the government, what will the future of crypto look like? What do you think about this issue?
Bank - cryptocurrency
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