#AbuDhabiStablecoin The Abu Dhabi stablecoin, called the dirham-backed stablecoin (FDUSD), is a digital currency pegged to the United Arab Emirates dirham (AED). Here are some key points [8][9]:

- *Backing*: FDUSD is backed by short-term government debt or cash equivalents, ensuring its stability and value.

- *Regulation*: The stablecoin is regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM).

- *Use cases*: FDUSD can be used for various purposes, including:

- Cross-border transactions

- Trading

- Settlement

- *Partnerships*: FDUSD has partnered with major players like Binance, providing users with a stable and reliable digital asset.

- *Benefits*: The stablecoin offers benefits like reduced volatility, increased efficiency, and improved transparency in transactions.

The introduction of FDUSD demonstrates Abu Dhabi's efforts to embrace blockchain technology and digital assets, potentially enhancing the region's financial infrastructure [8].