UAE Steps into Crypto Big Time: Dirham-Backed Stablecoin on the Way!

According to BlockBeats, major Abu Dhabi players — ADQ, IHC, and First Abu Dhabi Bank (the UAE’s largest bank by assets) — have announced plans to launch a Dirham-backed stablecoin.

The stablecoin will be fully regulated by the UAE Central Bank, highlighting the Gulf region’s serious commitment to the crypto industry.

This move could reshape the landscape of regulated stablecoins and signals deeper adoption by major financial powers.

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