#AbuDhabiStablecoin Abu Dhabi announced on Monday that it will launch a stablecoin that will be backed by their national currency, Dirham. Thus, they will add additional capital in the UAE. This currency will be fully regulated by the central bank of the UAE, thereby strengthening the idea of safe investments in crypto at the national level. The new digital currency will be available to all UAE citizens, from government and state institutions to ordinary citizens in their daily lives. The backing of this digital currency with their national currency increases citizens' trust in crypto. Many of those who have not yet become familiar with digital currencies will be tempted, perhaps even encouraged, to do so.
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