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#StablecoinPayments Elon Musk Steps Away from DOGE and Trump’s Cabinet, Refocuses on Tesla In a move that surprised few but still made headlines, Elon Musk officially announced his departure from the U.S. Department of Government Efficiency (DOGE) and President Trump’s$TRUMP Cabinet during a meeting at the White House on April 30. After just over three months in his federal role, the Tesla CEO told the president and his team that his focus will shift almost entirely back to his companies starting in May. > “It’s been an honor to work with your incredible Cabinet,” Musk said during the meeting. “I want to thank everyone—this was a great experience.” He also praised the administration’s first 100 days as historic, stating: > “A tremendous amount has been accomplished. More than any administration before. Ever.” Signs of the Exit Were Already There This wasn’t entirely unexpected. On Tesla’s earnings call last week, Musk told investors he would scale back his government work to “a day or two per week” moving forward, suggesting that the initial setup phase of DOGE was complete. Although DOGE was initially pitched as a cost-cutting revolution—with Musk promising $2 trillion in savings—it ended up delivering far less. According to Musk, the actual savings landed around $160 billion, though President Trump$TRUMP mistakenly quoted $150 billion before Musk corrected him with a grin: > “160 billion... but who’s counting?” Mixed Results and Missed Targets While any government savings are noteworthy, the gap between the pitch and reality drew criticism. A recent New York Times report cited a $135 billion cost due to disruptions caused by DOGE—everything from staff layoffs and rehires to workflow slowdowns and extended leave periods. Still, Trump expressed his appreciation: > “You’ve really sacrificed a lot. You’ve been treated very unfairly.” To which Musk quipped: >
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#AirdropSafetyGuide Elon Musk Steps Away from DOGE and Trump’s Cabinet, Refocuses on Tesla In a move that surprised few but still made headlines, Elon Musk officially announced his departure from the U.S. Department of Government Efficiency (DOGE) and President Trump’s$TRUMP Cabinet during a meeting at the White House on April 30. After just over three months in his federal role, the Tesla CEO told the president and his team that his focus will shift almost entirely back to his companies starting in May. > “It’s been an honor to work with your incredible Cabinet,” Musk said during the meeting. “I want to thank everyone—this was a great experience.” He also praised the administration’s first 100 days as historic, stating: > “A tremendous amount has been accomplished. More than any administration before. Ever.” Signs of the Exit Were Already There This wasn’t entirely unexpected. On Tesla’s earnings call last week, Musk told investors he would scale back his government work to “a day or two per week” moving forward, suggesting that the initial setup phase of DOGE was complete. Although DOGE was initially pitched as a cost-cutting revolution—with Musk promising $2 trillion in savings—it ended up delivering far less. According to Musk, the actual savings landed around $160 billion, though President Trump$TRUMP mistakenly quoted $150 billion before Musk corrected him with a grin: > “160 billion... but who’s counting?” Mixed Results and Missed Targets While any government savings are noteworthy, the gap between the pitch and reality drew criticism. A recent New York Times report cited a $135 billion cost due to disruptions caused by DOGE—everything from staff layoffs and rehires to workflow slowdowns and extended leave periods. Still, Trump expressed his appreciation: > “You’ve really sacrificed a lot. You’ve been treated very unfairly.”
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#AltcoinETFsPostponed Elon Musk Steps Away from DOGE and Trump’s Cabinet, Refocuses on Tesla In a move that surprised few but still made headlines, Elon Musk officially announced his departure from the U.S. Department of Government Efficiency (DOGE) and President Trump’s$TRUMP Cabinet during a meeting at the White House on April 30. After just over three months in his federal role, the Tesla CEO told the president and his team that his focus will shift almost entirely back to his companies starting in May. > “It’s been an honor to work with your incredible Cabinet,” Musk said during the meeting. “I want to thank everyone—this was a great experience.” He also praised the administration’s first 100 days as historic, stating: > “A tremendous amount has been accomplished. More than any administration before. Ever.” Signs of the Exit Were Already There This wasn’t entirely unexpected. On Tesla’s earnings call last week, Musk told investors he would scale back his government work to “a day or two per week” moving forward, suggesting that the initial setup phase of DOGE was complete. Although DOGE was initially pitched as a cost-cutting revolution—with Musk promising $2 trillion in savings—it ended up delivering far less. According to Musk, the actual savings landed around $160 billion, though President Trump$TRUMP mistakenly quoted $150 billion before Musk corrected him with a grin: > “160 billion... but who’s counting?” Mixed Results and Missed Targets While any government savings are noteworthy, the gap between the pitch and reality drew criticism. A recent New York Times report cited a $135 billion cost due to disruptions caused by DOGE—everything from staff layoffs and rehires to workflow slowdowns and extended leave periods. Still, Trump expressed his appreciation: >
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#Trump100Days Elon Musk Steps Away from DOGE and Trump’s Cabinet, Refocuses on Tesla In a move that surprised few but still made headlines, Elon Musk officially announced his departure from the U.S. Department of Government Efficiency (DOGE) and President Trump’s$TRUMP Cabinet during a meeting at the White House on April 30. After just over three months in his federal role, the Tesla CEO told the president and his team that his focus will shift almost entirely back to his companies starting in May. > “It’s been an honor to work with your incredible Cabinet,” Musk said during the meeting. “I want to thank everyone—this was a great experience.” He also praised the administration’s first 100 days as historic, stating: > “A tremendous amount has been accomplished. More than any administration before. Ever.” Signs of the Exit Were Already There This wasn’t entirely unexpected. On Tesla’s earnings call last week, Musk told investors he would scale back his government work to “a day or two per week” moving forward, suggesting that the initial setup phase of DOGE was complete. Although DOGE was initially pitched as a cost-cutting revolution—with Musk promising $2 trillion in savings—it ended up delivering far less. According to Musk, the actual savings landed around $160 billion, though President Trump$TRUMP mistakenly quoted $150 billion before Musk corrected him with a grin: > “160 billion... but who’s counting?” Mixed Results and Missed Targets While any government savings are noteworthy, the gap between the pitch and reality drew criticism. A recent New York Times report cited a $135 billion cost due to disruptions caused by DOGE—everything from staff layoffs and rehires to workflow slowdowns and extended leave periods. Still, Trump expressed his appreciation: > “You’ve really sacrificed a lot. You’ve been treated very unfairly.” To which Musk quipped: > “They like to burn my cars, which is not great.”
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#AirdropStepByStep Abu Dhabi embraces the future: Dirham- backed Stablecoins take centre stage with #AbuDhabiStablecoin Abu Dhabi is making significant strides in the digital currency arena with the introduction of dirham-backed stablecoins, prominently discussed under the #AbuDhabiStablecoin . This initiative is part of the UAE’s broader strategy to position itself as a global hub for digital assets. Key Developments 1. New Dirham-Backed Stablecoin Initiative On April 28, 2025, three major Abu Dhabi entities—sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—announced plans to launch a stablecoin fully regulated by the Central Bank of the United Arab Emirates (CBUAE). This stablecoin will be pegged to the UAE dirham and aims to facilitate digital payments and enhance the nation’s adoption of digital currencies. 2. AE Coin AE Coin is the UAE’s first regulated stablecoin backed by the dirham (AED). It has received in-principle approval from the UAE Central Bank, with backing from IHC and First Abu Dhabi Bank. AE Coin will be used for crypto trading, payments, and financial services, supporting the UAE’s digital economy goals. 3. DRAM Stablecoin DRAM, developed by Distributed Technologies Research (DTR), is an Ethereum-based ERC-20 token pegged to the UAE dirham. Launched on decentralized platforms like Uniswap and PancakeSwap, DRAM is issued by Hong Kong-based DRAM Trust, ensuring that each token is backed by dirham reserves held in regulated financial institutions. While currently not available in the UAE or Hong Kong, discussions are underway to list DRAM on centralized exchanges outside these jurisdictions. Regulatory Landscape The Central Bank of the UAE (CBUAE) has been proactive in establishing a regulatory framework for digital currencies. The introduction of dirham-backed stablecoins aligns with the UAE’s efforts to diversify its economy and embrace technological innovations in the financial sector.
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