#AbuDhabiStablecoin

Abu Dhabi launches first stablecoin backed by the dirham to enhance the digital economy

In an important step towards enhancing financial innovation, Abu Dhabi announced the launch of a new stablecoin backed by the UAE dirham, in collaboration with "Abu Dhabi Holding Group", "IHC", and "First Abu Dhabi Bank", and under the supervision of the UAE Central Bank. This initiative aims to support the infrastructure of the digital economy and enable the transition towards more efficient and stable financial solutions.

This launch is part of a broader strategic vision through which the UAE aims to establish itself as a global center for financial technology and digital assets. The stablecoin may contribute to facilitating digital transactions and enhancing trust in the use of digital assets inside and outside the country, which could encourage the attraction of more regional and global investments to the UAE market.