#AbuDhabiStablecoin initiative is a significant development in the Middle East's financial landscape. Here are some key points:

Overview

Issuer: FZC Digital Assets (FZC-DA), a fully owned subsidiary of HashKey Group, received approval from the Abu Dhabi Global Market (ADGM) to issue a stablecoin.

Regulatory Framework: The stablecoin will be issued under ADGM's new digital assets regime, which provides a regulatory framework for digital assets.