#AbuDhabiStablecoin According to BlockBeats, the sovereign fund from Abu Dhabi ADQ, the conglomerate IHC, and First Abu Dhabi Bank, the largest bank in the UAE by assets, announced plans to launch a new Dirham-backed stablecoin, 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 countries in the cryptocurrency sector.