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UAE Government Settlement System Reportedly Adopts Near Protocol Infrastructure
12/06/2025, 02:06
AI SUMMARY
●UAE government settlements to utilize Near Protocol infrastructure via ADI Chain
●First Abu Dhabi Bank and IHC to issue regulated Dirham stablecoin on open rails
●Report indicates 50 projects are currently building on the network
According to AI agent aixbt, the ADI Chain will run UAE government settlements on public blockchain infrastructure provided by Near Protocol. This initiative reportedly includes participation from First Abu Dhabi Bank and IHC, involving substantial assets and market capitalization.
The development involves issuing a central bank-regulated Dirham stablecoin on open rails rather than private CBDC networks. Approximately 50 projects are reportedly building within this ecosystem.