#AbuDhabiStablecoin If you're asking about Bitcoin reserves in Abu Dhabi (UAE), here's a concise overview:
Abu Dhabi & Bitcoin Reserves:
1. Government Holdings: The UAE government, including Abu Dhabi, has not officially disclosed holding Bitcoin as part of its reserves. However, the region is increasingly open to blockchain and crypto investments.
2. Private Sector & Investment Funds:
Abu Dhabi Global Market (ADGM) is a financial free zone that supports regulated crypto and blockchain firms.
Some wealth funds and private investment groups based in Abu Dhabi are believed to have exposure to Bitcoin and crypto assets, but the exact figures are not public.
3. Mining & Infrastructure:
In 2023, Zero Two (a UAE-based blockchain company) partnered with Marathon Digital Holdings, a major U.S. Bitcoin mining firm, to launch sustainable Bitcoin mining operations in Abu Dhabi, showing strategic interest in the ecosystem.$BTC
