#AbuDhabiStablecoin

Dirham-Pegged Stablecoin Project:

There is a major initiative involving three prominent institutions in Abu Dhabi: ADQ (Abu Dhabi Sovereign Wealth Fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC).

They are collaborating to launch the Dirham-Pegged stablecoin.

This stablecoin will be fully regulated by the Central Bank of the UAE.

It is set to operate on the ADI blockchain, which was developed by the ADI Foundation, a nonprofit organization focused on blockchain adoption.