The UAE Abu Dhabi is in constant development and today is on the verge of a stable digital currency based on blockchain
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Subject to the supervision of the 'Central Bank' and issued by First Abu Dhabi Bank
Enabling payment processes worldwide
A reliable payment method for a wide range of daily uses
The International Holding Company and 'ADQ' and First Abu Dhabi Bank announced joint plans to launch a new stable digital currency backed by the UAE dirham, fully subject to the supervision and regulation of the Central Bank of the UAE. The new currency is set to be issued by First Abu Dhabi Bank after obtaining the necessary regulatory approvals.
The new stable currency will serve as a pivotal turning point as it facilitates payments and business transactions, both locally and globally, contributing to consolidating the UAE's leadership in the global blockchain innovation scene as a global financial technology hub, and enhancing the $Emirati digital infrastructure to enable payment processes worldwide.
The stable digital currency will be adopted as a reliable payment method for a wide range of daily uses, whether by individuals, companies, or institutions, and will support new and advanced digital uses, such as direct transactions between machines (M2M) and artificial intelligence technologies.
