#StablecoinPayments holding company IHC to launch a dirham backed Stablecoin.
The move is part of a strategy to enhance the UAE's digital economy and modernize financial transactions. It is in line with the UAE's vision of establishing itself as a Fintech and innovation hub.
"The launch of the Stablecoin marks a pivotal step in our commitment to strengthening the UAE's digital infrastructure ecosystem" said Mohamed Hassan Alsuwaidi, Managing Director and Group CEO of ADQ.
