#AbuDhabiStablecoin Abu Dhabi institutional giants team up for dirham stablecoin

If it gets the nod from United Arab Emirates regulators, the dirham-pegged and central bank-regulated stablecoin will operate on the ADI blockchain.

A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin.

Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding