#AbuDhabiStablecoin The Abu Dhabi Global Market (ADGM) has launched its own stablecoin, called the dirham-pegged stablecoin (ADGM D-Stablecoin), in collaboration with three companies. This initiative aims to enhance efficiency in financial markets, reduce settlement times and costs, and enable 24/7 settlement without relying on traditional banking hours.

*Key Features:*

- *Backed by High-Quality Assets*: The stablecoin is backed by high-quality assets like cash or cash equivalents, maintaining a stable value.

- *Regulatory Framework*: ADGM has established a regulatory framework for stablecoins, ensuring issuers meet specific requirements and undergo registration.

- *Use Cases*: The stablecoin can be used for various purposes, including payments, settlements, and trading.

*Benefits:*

- *Increased Efficiency*: Reduces settlement times and costs, enabling 24/7 settlement.

- *Improved Liquidity*: Enhances liquidity in financial markets.

- *Increased Transparency*: Provides a transparent and secure way to transact.

The launch of the ADGM D-Stablecoin is a significant development in the region's financial landscape, potentially paving the way for further adoption of stablecoins in the Middle East [3].