#AbuDhabiStablecoin The Abu Dhabi stablecoin project, called FUSD, is a digital currency pegged to the US dollar. Here's what we know [1][2]:

- *Issuer*: FUSD is issued by the state-owned Abu Dhabi Global Market (ADGM).

- *Backing*: Each FUSD is backed 1:1 by US dollar deposits.

- *Use cases*: FUSD can be used for various purposes, including trading, payments, and settlements.

- *Benefits*: FUSD offers stability, security, and efficiency in transactions.

The launch of FUSD reflects Abu Dhabi's efforts to develop its digital economy and financial infrastructure. Stablecoins like FUSD can play a significant role in bridging traditional finance and blockchain technology.