#AbuDhabiStablecoin #"This stablecoin will be used as a reliable digital currency across a wide range of everyday scenarios - by citizens and consumers, businesses and institutions," they said.

Stablecoins are digital tokens designed to keep a constant value backed by traditional currencies such as the U.S. dollar. They have seen rapid growth, both as a form of payment and among traders wanting to buy and sell outside of the regulated banking system.