#AbuDhabiStablecoin

In Abu Dhabi, a stablecoin backed by the dirham is launched 🇦🇪

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