#AbuDhabiStablecoin
Abu Dhabi Launches AED-Backed Stablecoin
Abu Dhabi is reinforcing its role in digital finance with the launch of a UAE dirham-backed stablecoin, developed through a strategic alliance of key institutions.
Strategic Collaboration
The initiative is spearheaded by ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB), with FAB designated as the issuing entity.
Regulatory Oversight
The stablecoin will operate under the framework of the UAE Central Bank (CBUAE) and complies with its 2023 stablecoin regulations. These guidelines ensure robust standards for issuance, liquidity, and risk management. While non-dirham stablecoins are allowed, their use is limited to virtual asset transactions.
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