Coinatory

Abu Dhabi Titans Join Forces for Dirham-Pegged Stablecoin Launch In a landmark move poised to reshape the financial landscape of the United Arab Emirates, three of Abu Dhabi’s most powerful institutions have announced plans to launch a dirham-pegged stablecoin, pending regulatory approval. The sovereign wealth fund ADQ, the nation’s largest bank, First Abu Dhabi Bank (FAB), and the sprawling conglomerate International Holding Company (IHC) have forged a strategic partnership to introduce the stablecoin. Ac... cryptocurrency news

Abu Dhabi’s MGX Commits $2B in Stablecoins to Binance The cryptocurrency exchange's first institutional investment, $2 billion, was made by Abu Dhabi-based investment group MGX in a historic deal. The transaction, which was completed only in stablecoins, gives MGX a minority ownership in Binance and signifies the company's calculated foray into the blockchain and digital finance industries. MGX Encourages Innovation in Blockchain MGX, which is well-known for emphasizing artificial intelligenc... Coinatory