#AbuDhabiStablecoin This is a new initiative aimed at launching the first stable cryptocurrency in the UAE, pegged to the national currency - the dirham (AED). This project is being implemented by three leading financial institutions in Abu Dhabi: the sovereign fund ADQ, the conglomerate International Holding Company (IHC), and the largest bank in the country - First Abu Dhabi Bank (FAB). The stablecoin will be fully regulated by the Central Bank of the UAE (CBUAE) and will be issued by FAB after receiving final approval from the regulator.