According to the press release, the project will be under the supervision of the Central Bank of the United Arab Emirates and is implemented through FAB. The new stablecoin based on the ADI blockchain platform is designed both for everyday calculations and for more complex digital interactions-including in the field of artificial intelligence and automated transactions between “smart” devices.
The project coordinators emphasize that the launch of a new token will strengthen the digital financial ecosystem of the UAE and will contribute to the transformation of the country into one of the key world hubs in the Fintech.
It should be noted that today ADQ manages assets worth more than $ 200 billion, and the International Holding Company (IHC) is one of the country’s largest public companies in market capitalization.
Earlier, Google allowed the advertisement of cryptocurrency exchanges and wallets, focused on the United Arab Emirates. The condition for the advertiser is a license to local control departments.
Source: Bits
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