#AbuDhabiStablecoin

Efforts are well underway to introduce a dirham-pegged stablecoin in the UAE, with major Abu Dhabi institutions playing a key role.

Recently, a notable announcement was made by Abu Dhabi Developmental Holding Company (ADQ), International Holding Company (IHC), and First Abu Dhabi Bank (FAB) regarding their plans to launch a stablecoin backed by the UAE Dirham. This initiative is intended to be fully regulated by the Central Bank of the UAE (CBUAE) and issued by FAB.

The aim is to facilitate digital payments and enhance the UAE's digital financial infrastructure.