#AbuDhabiStablecoin
Abu Dhabi is set to launch a groundbreaking stablecoin pegged to the UAE dirham, marking a significant stride in the nation’s digital finance landscape. This initiative is a collaboration between three major entities: ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). The stablecoin will be regulated by the Central Bank of the UAE and is designed to operate on the ADI blockchain, developed by the ADI Foundation.
