#AbuDhabiStablecoin Is Here! 🇦🇪🪙 The UAE just took a bold leap into the future of money!
ADQ, First Abu Dhabi Bank (FAB), and IHC are teaming up to launch a dirham-backed stablecoin on the cutting-edge ADI blockchain—all under the watch of the Central Bank of the UAE.
Why it matters:
Fully regulated & secure
Backed by the dirham
Built for AI payments, smart contracts, & cross-border finance
A step toward becoming a global fintech powerhouse
Abu Dhabi isn't just watching the crypto world… it's leading it. #CryptoUAE #StablecoinNews #BlockchainInnovation #Web3MiddleEast #CBDCFuture
Big news! The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust, set to debut on April 30, 2025.
Test your knowledge:
1. What types of XRP ETFs are launching? A) Spot ETFs B) Futures-based ETFs C) Commodity ETFs D) Bond ETFs
2. Which company is launching these XRP ETFs? A) Teucrium B) ProShares Trust C) Bitwise D) 21Shares
3. When are the ProShares XRP ETFs scheduled to launch? A) April 28, 2025 B) April 30, 2025 C) May 1, 2025 D) June 15, 2025
4. What is the current price of XRP? A) $1.50 B) $2.00 C) $2.25 D) $3.00
Answers:
1. B) Futures-based ETFs
2. B) ProShares Trust
3. B) April 30, 2025
4. C) $2.25
These ETFs will provide investors with exposure to XRP price movements through futures contracts, offering options like 2x leverage and inverse (-1x and -2x) strategies.
Stay tuned for more updates on XRP and the evolving crypto ETF landscape!
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