#AbuDhabiStablecoin

Abu Dhabi is advancing its digital finance landscape with the planned launch of a new stablecoin backed by the UAE dirham (AED). This initiative is a collaboration among three major institutions: First Abu Dhabi Bank (FAB), Abu Dhabi Developmental Holding Company (ADQ), and International Holding Company (IHC). The stablecoin will be issued by FAB and regulated by the Central Bank of the UAE (CBUAE), pending final approval.