$BTC new global standard or a financial Trojan horse?
Abu Dhabi has launched a stablecoin backed by dirhams, fully regulated by the Central Bank of the UAE. Three financial giants —ADQ, IHC, and First Abu Dhabi Bank— have joined forces to drive this initiative. The goal: to position themselves as leaders in the emerging digital asset economy.
Everyone is posting: “A big step forward for cryptocurrency adoption!”
But… few are questioning the true implications. What happens when stablecoins do not arise from the crypto community, but are created and controlled by governments? How “decentralized” can a digital asset really be when its value and governance are completely in the hands of the state?