The market cap of stablecoins stood at $162.36 billion as of last month, almost 6.5 per cent of the total crypto market, according to Statista. Reuters
The market cap of stablecoins stood at $162.36 billion as of last month, almost 6.5 per cent of the total crypto market, according to Statista. Reuters

Future

Technology

What you need to know about UAE Central Bank's new regulation on stablecoins

The new provision, which is likely to prohibit the use of Bitcoin for goods and services in the Emirates, is expected to come into force next year

Alkesh Sharma
Alkesh Sharma

July 19, 2024

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