#StablecoinPayments 🔹The giant ABU DHABI - the public investment fund ADQ, the largest bank in the UAE First Abu Dhabi Bank (FAB), and the International Holding Company (IHC) - have joined forces to launch a stablecoin pegged to the UAE dirham.

🔹Awaiting approval: The new digital currency is awaiting a green light from regulators in the United Arab Emirates.

🔹Modernizing transactions: The stablecoin aims to simplify and speed up the payment process between consumers.

🔹Supporting artificial intelligence: The digital currency is expected to facilitate transactions between machines and within artificial intelligence systems.

🔹Developing the UAE's digital economy: This move is seen as a significant step in developing the country's digital economy.

🔹The launch of the stablecoin backed by the national currency could be a major advancement for the UAE's payment systems, providing stability and efficiency for digital transactions. The success of the implementation will depend on the approval of regulatory authorities and subsequent integration into consumer and business processes.