TechFlow, Oct 14 — According to PRNewswire, the Abu Dhabi ADI Foundation announced progress toward its mission of bringing one billion people into the digital economy by 2030. Founded by Sirius International Holding, the foundation is developing a stablecoin backed by the UAE dirham, which will be regulated by the Central Bank of the UAE and operate on the ADI Foundation blockchain.
In addition, the ADI Foundation will establish a platform to help cultivate a Web3-native and blockchain-ready workforce in the UAE through blockchain fundamentals education and a prototyping test environment for Web3 solutions.
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