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Dirham stablecoin has just officially been announced by three Abu Dhabi entities, namely IHC, ADQ, and also First Abu Dhabi Bank (FAB). This UAE digital currency initiative, which is fully regulated by the UAE Central Bank, aims to revolutionize payment solutions while operating on the ADI blockchain. The Mastercard dirham stablecoin launch also becomes a major achievement for UAE’s ongoing advancement toward becoming a revered fintech leader throughout the regional market and worldwide. Also Read: $3B ETF Inflows Can’t Break $100K—Is Bitcoin Running Out of Steam? Inside UAE’s Regulated Stablecoin Move With IHC, ADQ, FAB & Mastercard Key Features of the New Dirham Stablecoin The regulated stablecoin will serve as a reliable digital currency for consumers, businesses, and various institutions. It also aims to support emerging digital use cases such as machine-to-machine and artificial intelligence applications, which are becoming increasingly important in today’s digital econ...

Despite its libertarian reputation, author and podcaster Joshua Dávila, aka The Blockchain Socialist, believes crypto is for everyone — including the Left. Crypto has been the subject of much criticism from those on the political Left, many of whom see cryptocurrencies like Bitcoin (BTC) as being associated with libertarian or right-wing ideas. One common perception is that cryptocurrencies and other block chain -based technologies, such as nonfungible tokens (NFTs), exist for the primary purpose of concentrating wealth, scamming investors and otherwise replicating existing financial and power structures — just in a more unregulated manner. On Episode 16 of The Agenda podcast , hosts Ray Salmond and Jonathan DeYoung chat with author and podcast er Joshua Dávila, host of The Block chain Socialist podcast and author of the new book Block chain Radicals: How Capitalism Ruined Crypto and How to Fix It. Dávila is critical of the capitalistic tendencies of much of the crypto space and ...

Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies. When it comes to providing stable value, stablecoins and central bank digital currencies (CBDCs) appear to serve two sides of the same proverbial coin. Crypto stable assets, however, can provide entirely different use cases — and CBDCs simply cannot compete.  The key is programmability — smart contracts that automate and add new features to money. Programmability allows for asset backing and decentralization that is not possible under current CBDC designs. Developers should be taking advantage of the programmable opportunities that stable assets offer rather than trying to compete with CBDCs. Stable-asset issuers articulate that they can make the current monetary system better — primarily in three ways. First, stable assets can help reduce the costs of traditional financial activity, such as decentralized borrowing/lending via decentralized finance (DeF...