#AbuDhabiStablecoin Here is another news from the world of digitalization, this time from the Middle East, namely the United Arab Emirates, UAE.

Recently, the launch of a new stablecoin backed by the UAE dirham was announced.

This initiative will be implemented by three major private financial institutions: the largest holding company IHC, the biggest investment fund ADQ, and the First Abu Dhabi Bank FAB in collaboration with the Central Bank of the UAE.