#AbuDhabiStablecoin

An interesting fact about the stablecoin backed by the United Arab Emirates dirham (AED) is that it is being developed by three key institutions in Abu Dhabi: the sovereign fund ADQ, the largest bank in the country, First Abu Dhabi Bank (FAB), and the conglomerate International Holding Company (IHC). These players are collaborating to launch a fully regulated stablecoin by the Central Bank of the UAE, aimed at strengthening the country's digital infrastructure and positioning it as a leader in blockchain innovation.