{
  "id": 4678445,
  "title": "UAE's Sheikh Tahnoon backs domestic and US stablecoins",
  "url": "https://urgent.news/2026/08/31/uaes-sheikh-tahnoon-backs-domestic-and-us-stablecoins",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T17:06:36.000Z",
  "source": {
    "name": "Semafor",
    "slug": "semafor",
    "url": "https://www.semafor.com/article/08/31/2026/uaes-sheikh-tahnoon-backs-domestic-and-us-stablecoins"
  },
  "original_language": "en",
  "account": null,
  "summary": "Sheikh Tahnoon bin Zayed, the deputy ruler of Abu Dhabi and UAE national security adviser, has shown interest in two stablecoin initiatives - one in the US and another domestically in the UAE. According to a report by Semafor, he is a major shareholder in the holding company of a new US bank associated with World Liberty Financial, a digital-assets platform co-founded by members of the Trump family. The bank has received preliminary regulatory approval to issue a USD-backed stablecoin, which World Liberty launched last year. Meanwhile, Sheikh Tahnoon's conglomerate, International Holding Co., has completed a $30 million transaction in DDSC, a dirham-backed stablecoin developed with First Abu Dhabi Bank, the UAE's largest lender.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}