According to modern global trends, some financial institutions in the UAE intend to.

This includes Abu Dhabi Bank, the largest bank in the UAE in terms of assets, in addition to the sovereign wealth fund of the Abu Dhabi Government, as well as 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.