#AbuDhabiStablecoin

#AbuDhabiStablecoin

Abu Dhabi is taking a major leap into the digital currency landscape with the launch of a new dirham-backed stablecoin. This groundbreaking initiative is a joint effort by three key players: International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB). The stablecoin will be fully regulated by the Central Bank of the UAE (CBUAE) and is set to be issued by FAB, pending final regulatory approval.