YEREVAN (CoinChapter.com) — The United Arab Emirates (UAE) has entered a partnership with Shiba Inu (SHIB) to integrate blockchain technology into government services. The Ministry of Energy and Infrastructure (MoEI) will use Shiba Inu’s Operating System (ShibOS) to improve energy, infrastructure, and digital public services.
This collaboration is part of the UAE’s efforts to enhance Web3 adoption. The system will support decentralized applications (dApps), artificial intelligence (AI), and data security in various government operations.
Shiba Inu’s ShibOS to Enhance Digital Public Services
The MoEI confirmed that ShibOS will power digital services across government agencies. This system aims to streamline operations, improve data transparency, and enable secure digital identity management.
His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI, said:
“By embracing emerging technologies, we aim to set a global benchmark for innovation, delivering transformative solutions that benefit both our citizens and the wider community.”
Shytoshi Kusama, Shiba Inu’s lead developer, stated that this partnership will expand the use of Shiba Inu blockchain in governance, sustainability, and digital services. He highlighted the secure and decentralized framework that ShibOS brings to government infrastructure.
UAE Strengthens Blockchain Adoption and Crypto Regulation
The UAE has positioned itself as a global hub for blockchain adoption. The country has introduced policies to encourage crypto investment and digital transformation. In November 2024, the UAE removed Value Added Tax (VAT) on crypto transactions, making the region more attractive to blockchain enterprises.
Between July 2023 and June 2024, the United Arab Emirates (UAE) received over $30 billion in cryptocurrency, according to a report by Chainalysis. This achievement places the UAE among the top 40 countries globally for crypto inflows and ranks it as the third-largest crypto economy in the MENA region (Middle East and North Africa).
The report also highlights the UAE’s rapidly expanding cryptocurrency ecosystem. The value of Decentralized Finance (DeFi) services, including decentralized exchanges (DEXs), grew by an impressive 74% compared to the previous year. DeFi services increased from $2.3 billion to $3.4 billion in value.
Additionally, DEXs experienced an even larger growth, with their value surging by 87%, rising from $6 billion to $11.3 billion. This data reflects the UAE’s commitment to becoming a hub for cryptocurrency and blockchain activities.
The country has already introduced AI-driven policymaking, paperless government services, and blockchain-based projects.
Shiba Inu’s ecosystem expansion includes the WHY Combinator, a program designed to boost Web3 innovation. The initiative introduces over 30 blockchain tools, focusing on AI, Web3 gaming, and decentralized applications.
SHIB Tokens React to Government Partnership
Following the announcement of Shiba Inu’s partnership with the UAE government, the tokens SHIB, Bone ShibaSwap (BONE), Doge Killer (LEASH), and Treat (TREAT) experienced noticeable price movements. According to TradingView, SHIB recorded a decline of 32.79%, while BONE fell by 33.26%, LEASH by 36.22%, and TREAT by 41.60% over the observed period.
Initially, the announcement sparked an uptick in trading activity as market participants reacted to the news. However, the overall trend for all four tokens showed significant volatility, with prices dropping sharply as token holders capitalized on gains by taking profits.
Despite the short-term decline, the overall trading volume remained strong. SHIB leads with 22.48 billion USDT in volume, suggesting sustained interest among traders.
Meanwhile, the UAE continues to attract blockchain companies. The Aptos Foundation, a major blockchain developer, recently expanded its operations to Abu Dhabi, further strengthening the region’s blockchain ecosystem.
