#AbuDhabiStablecoin Abu Dhabi entities plan to launch Stablecoin !!!

ADQ, the sovereign wealth fund of Abu Dhabi, the IHC conglomerate, and First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates (UAE) by assets, announced on Monday their plans to launch a new stablecoin backed by the UAE dirham. This move represents the growing investment of the Gulf country in the cryptocurrency sector #CriptoRevolución

The three organizations confirmed that the proposed stablecoin will be fully regulated by the central bank of the UAE. This new digital currency, backed by the official currency of the country, will provide stable value in the volatile world of cryptocurrencies.

The announcement by ADQ, IHC, and FAB is part of a broader trend of financial institutions and governments around the world showing increased interest in the potential of digital currencies. The UAE's decision to regulate this new stablecoin underscores the country's commitment to providing a safe and regulated environment for the use and trading of cryptocurrencies.