🚨🇦🇪ABU DHABI #LAUNCHING NEW DIRHAM-BACKED #STABLECOIN

🔹Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank (FAB) to launch a new stablecoin backed by the UAE dirham.

🔹The project will be fully regulated by the UAE Central Bank; FAB will issue the stablecoin after approval.

🔹Aims to provide a reliable digital currency for consumers, businesses, and institutions across the UAE.

🔹Follows UAE’s drive to become a global crypto hub, after launching AE Coin and a $2B MGX-Binance deal.

- Reuters