#AbuDhabiStablecoin

Abu Dhabi raises the stakes on crypto assets by launching a new stablecoin, as the Emirati company "ADQ Holding", a sovereign wealth fund under the Abu Dhabi government, along with the International Holding Company and First Abu Dhabi Bank, the largest bank in the UAE by assets, announced on Monday their intention to launch a new stablecoin backed by the dirham as part of the UAE's efforts to enhance its investments.