#AbuDhabiStablecoin

In accordance with modern global trends, some Emirati monetary institutions intend to.

These include Abu Dhabi Bank, the largest bank in the UAE by assets, in addition to the sovereign wealth fund of the Abu Dhabi government and the International Holding Company, which intend to

launch a new stablecoin backed by the dirham.

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