#AbuDhabiStablecoin

The Abu Dhabi stablecoin, called FUSD, is a stablecoin pegged to the US dollar. Here are some key points:

- *Issuer*: FUSD is issued by a joint venture between DBS Bank and Ant International's DBS-backed digital bank, with the venture being majority owned by a DBS-backed digital bank.

- *Backing*: FUSD is backed 1:1 by US dollar deposits.

- *Blockchain*: FUSD operates on multiple blockchains, including Ethereum.