#AbuDhabiStablecoin
It appears Abu Dhabi is indeed taking a significant step into the future of finance with the announcement of a new Dirham-backed stablecoin. Here's a breakdown of what's happening:
Key Highlights:
* Joint Initiative: Three major Abu Dhabi entities – Abu Dhabi Developmental Holding Company (ADQ), International Holding Company (IHC), and First Abu Dhabi Bank (FAB) – have announced a collaboration to launch this stablecoin.
* Dirham Backed: The
