#AbuDhabiStablecoin Abu Dhabi is making significant strides in the cryptocurrency space with the introduction of a new dirham-pegged stablecoin. This initiative involves collaboration among major institutions, including the Emirate's sovereign wealth fund, First Abu Dhabi Bank, and International Holding Company. The stablecoin aims to provide a fully regulated digital currency backed by the UAE Central Bank, ensuring compliance and institutional-grade infrastructure. This move reflects Abu Dhabi's commitment to fostering a robust financial ecosystem and enhancing its position as a regional hub for digital assets, following the earlier launch of AE Coin, the first UAE dirham-backed stablecoin.