#AbuDhabiStablecoin 🇦🇪 The New Stablecoin Backed by the Abu Dhabi Dirham

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