#AbuDhabiStablecoin According to Block Beats, Abu Dhabi's sovereign fund ADQ, the IHC conglomerate, and First Abu Dhabi Bank, the largest bank in the UAE by assets, announced plans to launch a new stablecoin backed by the Dirham, the official currency of the United Arab Emirates. The companies stated that the stablecoin will be fully regulated by the Central Bank of the UAE. This initiative signifies a deeper investment from Gulf nations in the cryptocurrency sector.