#AbuDhabiStablecoin

Abu Dhabi is rapidly emerging as a significant hub for digital assets, and stablecoins are a key area of focus. Here's a breakdown of the current situation:

Recent Developments:

Dirham-Backed Stablecoin Announced: Today, April 29, 2025, major Abu Dhabi institutions – First Abu Dhabi Bank (FAB), Abu Dhabi Developmental Holding Company (ADQ), and International Holding Company (IHC) – announced their intention to launch a new stablecoin fully regulated by the Central Bank of the UAE (CBUAE) and pegged to the UAE Dirham.