#阿布扎比稳定币 Abu Dhabi Stablecoin Recent Developments in the Stablecoin Field in Abu Dhabi:

1. Dirham Stablecoin Project:

Abu Dhabi Sovereign Wealth Fund ADQ, International Holding Company IHC, and First Abu Dhabi Bank FAB announced plans to launch a new stablecoin backed by the UAE Dirham. This project aims to position the UAE at the forefront of global blockchain innovation and strengthen the country's digital infrastructure .

2. Circle's Expansion:

Circle has received approval from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority to become a licensed money service provider. This will allow Circle to expand its stablecoin services in the Middle East, further promoting its global presence .

3. Regulation and Cooperation:

The proposed Dirham stablecoin will be fully regulated by the Central Bank of the UAE, providing legal and regulatory assurance for the stablecoin and ensuring stable value in the highly volatile cryptocurrency market .

4. Strategic Investment: