#阿布扎比稳定币 Abu Dhabi launches a central bank-regulated dirham stablecoin, marking a new phase for sovereign digital currencies. This government-backed stablecoin may have threefold effects:

1. **Reshaping the Regional Financial Landscape**:

- Provides a compliant alternative outside the dollar system for cross-border trade in the Middle East

- May promote a new settlement model of 'oil-dirham stablecoin'

2. **Paradigm Shift in Cryptocurrency Regulation**:

- Central bank direct regulation model may become a reference for other countries

- Participation thresholds for traditional financial institutions will significantly lower

3. **Competition in Global Payment Systems**:

- Forms an Asian digital currency triangle with Hong Kong's digital HKD and Singapore's Ubin