Three leading institutions in Abu Dhabi, under the supervision of the Central Bank of the VAE, develop a dirham-bound stable coin

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Entwicklung eines dirham-basierten Stablecoins in Abu Dhabi In Abu Dhabi arbeiten drei führende Institutionen an der Entwicklung eines dirham-unterstützten Stablecoins. Dieses innovative Finanzinstrument wird unter der Aufsicht der Zentralbank der Vereinigten Arabischen Emirate (VAE) entwickelt. Die Einführung eines Stablecoins, der an die dirham-Währung gebunden ist, könnte erhebliche Auswirkungen auf die Finanzlandschaft in der Region haben. Stablecoins bieten Vorteile wie Stabilität, schnellere Transaktionen und niedrigere Kosten im Vergleich zu traditionellen Währungen. Die Zusammenarbeit dieser Institutionen unterstreicht das Bestreben der VAE, sich als Vorreiter im Bereich der digitalen Währungen und Finanzen zu positionieren. Durch die enge Einbindung der Zentralbank wird sichergestellt, dass …
Development of a dirham-based stable coin in Abu Dhabi in Abu Dhabi are working three leading institutions on the development of a dirham-supported stable coin. This innovative financial instrument is developed under the supervision of the Central Bank of the United Arab Emirates (VAE). The introduction of a stable coin that is bound to the Dirham currency could have a significant impact on the financial landscape in the region. Stable coins offer advantages such as stability, faster transactions and lower costs compared to traditional currencies. The cooperation between these institutions underlines the efforts of the VAE to position themselves as a pioneer in the field of digital currencies and finances. The close integration of the central bank ensures that ... (Symbolbild/KNAT)

Development of a dirham-based stable coins in Abu Dhabi

In Abu Dhabi, three leading institutions are working on the development of a dirham-supported stable coin. This innovative financial instrument is developed under the supervision of the Central Bank of the United Arab Emirates (VAE).

The introduction of a stable coin that is bound to the Dirham currency could have a significant impact on the financial landscape in the region. Stable coins offer advantages such as stability, faster transactions and lower costs compared to traditional currencies.

The cooperation between these institutions underlines the efforts of the VAE to position themselves as a pioneer in the field of digital currencies and finances. The close integration of the central bank ensures that the stable coin meets the regulatory requirements and builds up trust among users.

Overall, this project shows the commitment Abu Dhabis for innovation in the financial sector and the willingness to use new technologies in order to meet the requirements of a rapidly changing global economy.