#AbuDhabiStablecoin Stablecoin from Abu Dhabi: New Digital Dirham

Big names in Abu Dhabi — ADQ (a large investment firm), International Holding Company (IHC), and First Abu Dhabi Bank (FAB) — are joining forces to introduce a new digital currency. This currency will be pegged to the UAE dirham and will be fully approved by the Central Bank of the UAE (CBUAE). The goal is to facilitate digital payments and help more people use digital money in the UAE.

Strong support and full approval

This new stablecoin is part of a larger plan for the UAE to become a global leader in digital currency. By creating a secure and government-backed digital currency, the UAE ensures that people have a trusted online payment option that fits well within the country's current banking system.