#AbuDhabiStablecoin Abu Dhabi's ADQ, IHC and the IHC conglomerate along with First Abu Dhabi Bank, the largest bank in the UAE by assets, announced plans to launch a new stablecoin based on the dirham, the official currency of the United Arab Emirates. The companies declared that the stablecoin will be fully regulated by the Central Bank of the UAE. This initiative signifies a deeper investment from Gulf countries in the cryptocurrency sector.