#AbuDhabiStablecoin Development related to stablecoins in Abu Dhabi, particularly within the scope of the Abu Dhabi Global Market (ADGM). This region has witnessed significant activity in the regulation and launch of stablecoins.

Recently, leading entities such as IHC, ADQ, and First Abu Dhabi Bank have announced plans to launch stablecoins backed by the United Arab Emirates dirham, which will be subject to the regulation of the Central Bank of the United Arab Emirates. This project aims to enhance payment solutions and digital infrastructure in the country.

Additionally, the Abu Dhabi Global Market has become a pioneer in establishing a regulatory framework for stablecoins, also known as fiat-referenced tokens (FRTs). This framework aims to provide a stable and trustworthy environment for the issuance and management of these digital assets, with a focus on transparency, investor protection, and enhancing innovation in digital finance. USDT associated with Tether has been recognized as a virtual asset accepted in the ADGM, facilitating its use in approved services within the region.