#AbuDhabiStablecoin

Institutions in Abu Dhabi, including the sovereign wealth fund ADQ* and First Abu Dhabi Bank *FAB, have announced plans to launch a stablecoin backed by the Emirati Dirham. This digital currency will be supervised and regulated by the Central Bank of the UAE, reflecting the country's commitment to providing a safe and organized environment for the use and trading of digital currencies⁽¹⁾.