#AbuDhabiStablecoin Abu Dhabi's new stablecoin backed by the dirham

Three major entities in Abu Dhabi - the Abu Dhabi Investment Authority (ADQ), International Holding Company (IHC), and First Abu Dhabi Bank (FAB) - have announced plans to launch a fully regulated stablecoin under the oversight of the Central Bank of the UAE. This stablecoin will be pegged to the UAE dirham and aims to facilitate digital payments and enhance the country's adoption of digital currencies.