#AbuDhabiStablecoin Abu Dhabi is set to launch a new stablecoin backed by the UAE Dirham, developed by major entities including the International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB). This stablecoin will be fully regulated by the UAE's central bank, aiming to enhance the digital economy and facilitate blockchain innovation. The stablecoin is expected to provide a secure and efficient means of transaction, promoting financial inclusion and supporting various sectors such as trade and remittances. Additionally, it will leverage blockchain technology to ensure transparency and traceability in financial operations, aligning with the UAE's vision to become a global hub for digital assets and fintech innovation. The stablecoin initiative is part of a broader strategy to integrate digital currencies into the financial ecosystem of the UAE. It aims to attract international investments and foster partnerships with global fintech companies. Furthermore, the project is expected to enhance the efficiency of cross-border transactions, reduce costs, and provide a more stable alternative to existing cryptocurrencies. The regulatory framework established by the central bank will ensure compliance with international standards, promoting trust and security among users. This move aligns with the UAE's commitment to innovation and its goal of becoming a leader in the digital economy.