#AbuDhabiStablecoin

#AbuDhabiStablecoin Emirati institutions include the "Holding" Company (ADQ), the sovereign wealth fund of the Abu Dhabi government, the International Holding Company, and First Abu Dhabi Bank, the largest bank in the UAE by assets, are planning to launch a new stablecoin backed by the dirham.

- The three institutions clarified in a joint statement that the stablecoin will be fully subject to the regulatory rules issued by the Central Bank of the UAE.