#AbuDhabiStablecoin

Abu Dhabi entities plan to launch dirham-backed stablecoin

Investing.com

Published 28.04.2025 13:40



Investing.com — Three major entities in Abu Dhabi — the sovereign fund ADQ, the conglomerate IHC, and the First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE) by assets — announced on Monday their plans to launch a new stablecoin backed by the UAE dirham. This initiative marks the growing investment of the Gulf country in the cryptocurrency sector.

The three organizations confirmed that the proposed stablecoin will be under full regulation by the UAE central bank. This new digital currency, backed by the country's official currency, will provide a stable value in the volatile world of cryptocurrencies.