
Bitcoin.com News|Mar 06, 2025 21:12
Charles Cascarilla, CEO & co-founder of @Paxos, explains to @_dsencil why stablecoins are an important part of Abu Dhabi’s, and MENA in general, economic diversification strategy.
MENA is composed of traditionally hydrocarbon economies, which are dollar denominated. “But they have their own separate currencies, and so they try to manage both dollars and their own currency.”
Abu Dhabi is pushing finance and technology to grow and diversify its economy, vying to become the next big global financial and business hub.
“Stablecoins are a great way for them to be able to make sure that they actually leap forward.”
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