#AbuDhabiStablecoin > Abu Dhabi is set to boost its digital finance sector with a new UAE dirham (AED)-backed stablecoin. The initiative is a partnership between First Abu Dhabi Bank (FAB), Abu Dhabi Developmental Holding Company (ADQ), and International Holding Company (IHC). FAB will issue the stablecoin, with regulatory approval pending from the Central Bank of the UAE (CBUAE).