UAE Just Dropped a Dirham-Backed Stablecoin
Abu Dhabi’s coming in hot—ADQ, IHC, and First Abu Dhabi Bank just teamed up to launch a fully regulated, fully dirham-backed stablecoin. And yep, it’s got the Central Bank’s official stamp.
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Backed by the Big Boys
This isn’t your average DeFi side hustle. We’re talking serious institutional muscle and clear regulatory green lights. The UAE isn’t just talking digital assets—they’re building the future.
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Why It Matters
Faster cross-border payments, less reliance on legacy banks, and a big win for financial inclusion. The UAE’s not just in the game—they’re aiming to lead it.