#AbuDhabiStablecoin

#AbuDhabiStablecoin 🇦🇪 Abu Dhabi Introduces Dirham-Pegged Stablecoin

Three major entities—ADQ (sovereign wealth fund), International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—have unveiled plans to launch a new dirham-backed stablecoin, fully regulated by the Central Bank of the UAE (CBUAE). This digital asset will be tied to the UAE dirham and aims to support the nation's push toward wider adoption of digital payments and currencies.

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🏦 Strong Institutional and Regulatory Foundation

This move aligns with the UAE's broader vision of becoming a global leader in digital finance. With regulatory backing and institutional support, the stablecoin will offer a secure, government-endorsed alternative within the country’s financial ecosystem.

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🌐 Boosting the Digital Economy

The new stablecoin is set to simplify cross-border payments, reduce dependency on traditional banking systems, and improve financial accessibility. It also supports the UAE’s ambition to modernize its economy and lead innovation in the fintech space.