#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 Emirates.

🔹Transaction modernization: The stablecoin aims to simplify and accelerate settlements between consumers.

🔹Support for artificial intelligence: The digital currency is expected to support transactions between machines and in artificial intelligence systems.

🔹Development of the UAE digital economy: This step is seen as an important milestone in the development of the country's digital economy.

🔹The launch of a stablecoin backed by the national currency could be a significant step forward for UAE payment systems, providing stability and efficiency in digital transactions. Successful implementation will depend on regulatory approval and further integration into consumer and business processes.