#StablecoinPayments Three giants of ABU DHABI - the sovereign wealth fund ADQ, the largest bank in the UAE First Abu Dhabi Bank (FAB), and the conglomerate International Holding Company (IHC) - have joined forces to launch a stablecoin pegged to the UAE dirham.

🔹Awaiting approval: The new digital currency is waiting for the green light from the regulators of the United Arab