#AbuDhabiStablecoin

Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin, regulated by the UAE Central Bank, to bolster the UAE’s digital asset strategy. Announced April 28, 2025, this initiative aims to enhance regional and global financial transactions. The global stablecoin market, exceeding $120 billion in 2021, is led by Tether ($157 billion in 2024) and USDC. This stablecoin could position Abu Dhabi as a Middle East digital finance hub, competing in payments and DeFi. Details like the stablecoin’s name or launch date remain unclear. If you meant a specific article or need further analysis, please clarify. I can search posts or explore market trends if needed.