Ghose: ChatGPT Moment for Stablecoin

Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the UAE Central Bank and backed by the dirham. This move could speed the Gulf nation’s efforts to adopt digital currencies and facilitate payments. Ronit Ghose, Global Head of Future of Finance at Citi Institute spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the future of stablecoin.