#AirdropStepByStep Abu Dhabi is making significant strides in the realm of stablecoins, with a clear focus on regulation and innovation. Here's a breakdown of the key developments:

Recent Dirham-Backed Stablecoin Announcement (April 2025):

* A consortium comprising First Abu Dhabi Bank (FAB), the UAE's largest lender, along with the sovereign wealth fund ADQ, and the holding company IHC, announced plans to launch a new stablecoin backed by the UAE Dirham (AED).