The US and UAE have agreed to cooperate on digital currencies
Date: 2025-03-21 Author: Oliver Abernathy Categories: IN WORLD
During the talks, the parties focused on the impact of artificial intelligence, the growing importance of digital currencies, and new investment opportunities arising at the intersection of these technologies.
On March 18, the US President held an official dinner with Sheikh Tahnoun bin Zayed at the White House. During the meeting, they discussed strengthening economic ties between the countries. According to Bloomberg, the agenda of the talks included issues of technological cooperation, development of the energy sector, and expansion of UAE investments in the US economy.
Sheikh Tahnoun also held meetings with a number of high-ranking US officials, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. He also held talks with the heads of major tech corporations, including Larry Ellison (Oracle), Larry Fink (BlackRock), Satya Nadella (Microsoft), and Jensen Huang (Nvidia). The topics of discussion were the development of artificial intelligence and access to computer chips in the context of export restrictions imposed by the United States.
As the chairman of the investment company MGX, Sheikh Tahnoon also presented plans to invest $7 billion in the private Stargate project, estimated at $500 billion. The project involves the construction of data centers for artificial intelligence in the United States, and its launch was announced by Trump shortly after the inauguration.
In addition, in March, MGX invested $2 billion in the cryptocurrency exchange Binance. The funding was provided in stablecoins, but the details of the deal remain unknown.
