#AbuDhabiStablecoin

📢 Abu Dhabi's Dirham-Backed Stablecoin 🇦🇪🔥

Abu Dhabi is launching a dirham-backed stablecoin, pending regulatory approval. This initiative is a partnership between First Abu Dhabi Bank (FAB), Abu Dhabi's sovereign wealth fund ADQ, and International Holding Company (IHC).

📣 Key Details:

- Fully backed by the UAE dirham, ensuring stability and reliability

- Regulated by the Central Bank of the UAE, providing added security and trust

- Expected to drive growth in the UAE's digital economy

The stablecoin's launch is anticipated to position the UAE as a leader in digital finance, potentially attracting more investors to the region. Once approved, it will be a significant step in the UAE's strategy to become a global fintech hub.