đ„ #AbuDhabiStablecoin : Launch of a dirham-backed stablecoin by giants from Abu Dhabi!â
đ Recent Facts :
. On April 28, 2025, ADQ, FAB, and IHC announced the launch of a dirham-backed stablecoin, fully regulated by the Central Bank of the United Arab Emirates.
. This stablecoin will be issued by First Abu Dhabi Bank (FAB) and will operate on the locally developed ADI blockchain.
. It aims to facilitate payments for users, businesses, and institutions, while supporting emerging use cases such as machine-to-machine transactions and artificial intelligence.
đ Quick Analysis : This initiative positions the United Arab Emirates at the forefront of blockchain innovation, strengthening their digital infrastructure and their status as a global fintech hub.
đŻ Conclusion : With this dirham-backed stablecoin, Abu Dhabi takes a significant step towards a more inclusive and efficient digital economy.
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