The International Holding Company, along with the Abu Dhabi Holding Company (ADQ) and First Abu Dhabi Bank, announced plans to launch a new stable digital currency backed by the UAE Dirham, under the supervision of the Central Bank of the UAE.
The new currency, which relies on locally developed blockchain technology, will facilitate payments and enhance business operations both locally and globally, while ensuring the highest standards of security and regulatory compliance.
This step is expected to be a qualitative leap in supporting the digital infrastructure of the UAE and solidifying its position as a global center for financial innovation.
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