#AbuDhabiStablecoin Abu Dhabi is making significant strides in the realm of stablecoins, with a clear focus on regulation and the development of dirham-backed digital currencies. Here's a comprehensive overview of the situation as of April 29, 2025:

Dirham-Backed Stablecoin Initiatives:

* Major Institutional Collaboration: A groundbreaking initiative was announced on April 28, 2025, involving three prominent Abu Dhabi entities: