#AbuDhabiStablecoin The IHC conglomerate of Abu Dhabi, IHC and the First Abu Dhabi Bank, the largest bank in the UAE by assets, announced plans to launch a new stablecoin pegged to 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 the Gulf nations in the cryptocurrency sector.