#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi launches a stablecoin backed by the dirham 🇦🇪

💥🎉 The International Holding Company and the Abu Dhabi Developmental Holding Company (ADQ), along with First Abu Dhabi Bank, announced joint plans to launch a new stablecoin backed by the UAE dirham, fully regulated and supervised by the Central Bank of the United Arab Emirates. The new currency is set to be issued by First Abu Dhabi Bank after obtaining the necessary regulatory approvals.