The United Arab Emirates (UAE) Could Be Considering a Crypto-based Strategic Reserve Fund

The United Arab Emirates (UAE), commonly recognized as a frontrunner in the fintech industry, could be considering a crypto-based strategic reserve fund.

The United Arab Emirates (UAE) could be planning to launch a crypto-based strategic reserve fund. Taking inspiration from the United States (USA), preliminary talks surfacing on social media suggest the likelihood of Shiba Inu's (SHIB) inclusion in the UAE mixed crypto reserve.

Shiba Inu Finding Home In UAE's Crypto Reserve?

The developers behind Shiba Inu's ecosystem have previously worked together with the United Arab Emirates (UAE) government on a federal level. To be precise, the UAE officials picked Shiba Inu's Operational System (ShibOS) out for their quest to advance digital transformation.

Prediction:UAE 🇦🇪 Will Announce A Crypto Reserve, It Will Hold Massive Amounts Of $SHIB.

Last month, the deal between UAE and Shiba Inu crypto was solidified in a public press release. The rare acknowledgment of a popular meme coin as advanced technology from the globe's top crypto hub Dubai even persuaded a popular crypto pundit to make a bold Shiba Inu (SHIB) prediction.

Del Crxpto tweeted to his 86.3K followers a prediction that "UAE Will Announce A Crypto Reserve, It Will Hold Massive Amounts Of $SHIB.". Without digging into an approximate timeline or providing any sources, Shiba Inu's (SHIB) inclusion in the UAE crypto reserve remains on a rumor level, as UAE government is yet to make a statement.

Certainly, Shiba Inu's ShibOS has a flurry of perks to offer Web3 dwellers, including the SHIB Alpha Layer, which is a modular roll-up abstraction layer for mega-fast transfers. According to SHIB.io, Shiba Inu's Alpha Layer can score up to 100ms finality, while offering a high-end security solution to protect online identity.

This is done via the Fully Homomorphic Encryption (FHE), a multi-layered digital identity shield. Last year, Shiba Inu crypto developers dropped a bombshell by announcing a Layer-3 blockchain in the works, which would succeed the current Shibarium Layer-2.

As of now, the main token of the ecosystem, Shiba Inu crypto (SHIB) is switching hands at $$0.00001222, registering slight gains of 3.3% over the past 24 hours. However, the ongoing momentum is still looking dim for Shiba Inu's price, as the 21.5% monthly pullback crunched over $2 billion of SHIB's market capitalization in 30 days.

On The Flipside

Why This Matters

Institutional level acknowledgment for meme currencies is uncommon in crypto, while Shiba Inu's addition to the UAE national strategic digital asset reserve would be the first of its kind.