#AbuDhabiStablecoin — Abu Dhabi launches its own stablecoin to strengthen its role in the digital economy.

The Abu Dhabi Global Market (ADGM) announced the creation of a stablecoin backed by the dirham (AED). The initiative aims to develop the fintech sector, simplify cross-border settlements, and enhance the region's competitiveness in the Web3 environment.

If the project receives widespread support, it could significantly accelerate the digital transformation of the Middle East.