#AbuDhabiStablecoin Abu Dhabi has launched a dirham-backed stablecoin, fully regulated by the UAE Central Bank. Three financial giants —ADQ, IHC, and First Abu Dhabi Bank— have joined forces to push this initiative forward .

The goal: to position themselves as leaders in the emerging digital asset economy.

Everyone is posting: “A big step forward for crypto adoption!”But…

Few are questioning the real implications. What happens when stablecoins are not born from the crypto community but are created and controlled by governments?

How “decentralized” can a digital asset truly be when its value and governance lie entirely in state hands?