#AbuDhabiStablecoin un #trio of important institutions in Abu Dhabi, including the emirate's sovereign fund, have come together to launch a new stablecoin linked to the dirham.
The Abu Dhabi sovereign fund ADQ, the largest bank in the United Arab Emirates, First Abu Dhabi Bank (FAB), and the huge conglomerate International Holding Company, have partnered to launch the stablecoin, pending regulatory approval, the three companies stated on April 28.
The trio stated that the stablecoin would be regulated by the UAE central bank and backed by the country's currency, the dirham. It will also support use cases such as machine-to-machine and artificial intelligence.
#AirdropFinderGuide An airdrop in the context of cryptocurrencies is a procedure for distributing tokens granted to holders of an existing cryptocurrency, such as Bitcoin or Ethereum,[1] or to users of a specific online cryptocurrency exchange. Sometimes this is done in exchange for performing certain actions such as sharing on social media, inviting friends, installing an application, registering on a website, or filling out questionnaires. All of this serves as an online marketing strategy to gain visibility and encourage the use of certain platforms, among other purposes.
#ArizonaBTCReserve The State of the Grand Canyon approved projects SB 1025 and SB 1373 to invest up to 10% of public funds in bitcoin.
Yesterday was a historic day for bitcoiners: Arizona approved two bills closely linked to the creation of a state reserve of bitcoin and crypto assets. Initiatives SB 1025 and SB 1373 began their legislative course in January and February, respectively, and gradually advanced until they were close to the desk of Governor Katie Hobbs, who must decide whether these regulations will take effect quickly.
The SB 1025 proposal allows Arizona to invest up to 10% of its public funds in bitcoin. According to official data, the Treasury of Arizona manages USD 32 billion in assets since January 2019, and is also responsible for the cash flow of the state budget, which is USD 65 billion. This means that the jurisdiction could invest around USD 3 billion in BTC.
$BTC The bitcoin investment products and digital assets had the third week with the highest revenue in history as bitcoin has risen and stabilized again after the previous drop. Now bitcoin is the best way to invest for everyone who wants to enter the world of cryptocurrency investment, as it had reached 83,000 dollars and has risen again. Statistics show that it is expected to exceed 100,000 dollars this year.
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