$USDC #StablecoinPayments Three Abu Dhabi Giants plan Stablecoin backed by UAE's Currency.

If it gets the nod from United Arab Emirates regulators new digital currency expected to modernize transactions among consumers and businesses.

First Abu Dhabi Bank (FAB), the UAE's biggest lender by assets, has teamed up with UAE sovereign wealth fund ADQ and holding company IHC to launch a dirham backed Stablecoin.

The move is part of a strategy to enhance