#AbuDhabiStablecoin According to BlockBeats, the Abu Dhabi sovereign fund ADQ, the IHC conglomerate, and the First Abu Dhabi Bank, the largest bank in the UAE by assets, have 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 by Gulf nations in the cryptocurrency sector.