*Abu Dhabi to Launch Dirham-Backed Stablecoin*

Abu Dhabi's ADQ sovereign wealth fund, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) have announced plans to launch a stablecoin pegged to the UAE dirham. The stablecoin, regulated by the Central Bank of the UAE, aims to enhance payment ecosystems and support transactions between machines and AI models. This move positions the UAE as an early adopter of stablecoins, with potential benefits for finance, commerce, and trade industries.#AbuDhabiStablecoin