#AbuDhabiStablecoin New stablecoin of Abu Dhabi based on the dirham

Three main entities from Abu Dhabi — the ADQ sovereign wealth fund, the International Holding Company (IHC) conglomerate, and the First Abu Dhabi Bank (FAB) — announced plans to launch a stablecoin fully regulated by the Central Bank of the United Arab Emirates (CBUAE). This stablecoin will be pegged to the UAE dirham and aims to facilitate digital payments and increase the adoption of digital currencies in the country.