Abu Dhabi intends to launch a stable currency supported by the UAE Dirham

“Adq”, the Global Holding Company (IHC) and Abu Dhabi First Bank today, Monday, announced their intention to start a new stable currency by Dirham, to promote the digital infrastructure of the Emirates, especially in digital currencies. The competitive organizational environment has contributed to making the Emirati Capital one of the most important international cryptocurrencies centers. Hasheed Ventures expanded digital assets in the UAE capital last year. The three financial institutions of the Abu Dhabi government said in a joint statement that once the new stable currency has been launched, it will be used by citizens, consumers, businesses and institutions as a reliable digital currency. The stable currencies are digital symbols designed to maintain a fixed value and are supported by traditional currencies such as the US dollar or the euro. It can be used in payments, as well as for trade in other symbols, such as bitch, in encrypted currency exchanges. At the end of last year, Tithar Curricula said he intended to launch a new stable currency linked to the UAE Dirham, with the effort to take advantage of the demand for the wave currency and to provide alternatives to the US dollar. Emerging digital uses and the new currency support emerging digital uses, such as communication between machines and artificial intelligence, in the context of the UAE’s attempt to improve its investments in digital currencies, and to push the wheel of innovation and growth, according to the statement. The UAE seeks to become a global center in the field of encrypted currencies as it enabled the payment of payments in the cryptocurrency in sectors such as real estate and school fees, which led to the improvement of their use rates and the size of transactions, with an organizational framework for virtual assets in both Abu DHABI and Dubai. The Golf State is also strengthening the efforts to attract encrypted currency companies, as it has already managed to attract leading companies such as “beans”, “OKX” and Numura Laser Digital. ‘