#AbuDhabiStablecoin
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FIRST ABU DHABI BANK TO ISSUE UAE’S NEW DHIRAM-BACKED STABLECOIN, PENDING APPROVAL FROM THE CENTRAL BANK.
THE STABLECOIN WILL BE DEPLOYED ON THE ADI BLOCKCHAIN, A PLATFORM DESIGNED TO SUPPORT SECURE, HIGH - SPEED DIGITAL TRANSACTIONS.
FAB CEO HANA AI ROSTAMANI SAID THE STABLECOIN COULD UNLOCK OPPORTUNITIES IN FINANCE, TRADE AND DIGITAL SERVICES.
THE PLANNED UAE STABLECOIN WILL BE PEGGED 1:1 TO THE UAE DHIRAM, HELPING REDUCE VOLATILITY AND BUILD TRUST AMONG INSTITUTIONAL AND RETAIL USER.