#AbuDhabiStablecoin Abu Dhabi is making significant strides in the stablecoin space with two major developments ¹ ² ³:

- *Dirham-Backed Stablecoin*: Abu Dhabi's International Holding Company, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a dirham-backed stablecoin, fully regulated by the UAE Central Bank. This stablecoin aims to advance payment solutions and digital infrastructure, providing a secure, transparent, and efficient way for businesses and individuals to transact in digital assets.

- *Circle's In-Principle Approval*: Circle, the issuer of USDC, has secured in-principle approval to operate as a money services provider in Abu Dhabi Global Market (ADGM). This approval brings Circle closer to offering its stablecoin services in the region, pending full regulatory approval.

These developments demonstrate Abu Dhabi's commitment to innovation and financial stability in the digital asset space.

Would u invest in Abu Dhabi Stable Coin