The UAE’s minister of state for artificial intelligence and digital economy emphasized the nation’s rapid rise in the global financial landscape, attributing this surge to the adoption of stablecoins. Speaking at Binance Blockchain Week Dubai 2025, he detailed how the country is leveraging blockchain technology to drive innovation in finance and digital assets. The minister highlighted the UAE’s transformation from a global financial center to a leader in Web3, citing its swift embrace of digital assets as central to this change. He showcased record-breaking growth in stablecoin adoption, noting an impressive 50% increase in market capitalization and wallet holders, surpassing Visa in daily settlement volumes in 2024. This progress is fueled by regulatory clarity in key markets, encouraging regulated stablecoin issuers.