#AbuDhabiStablecoin A trio of important institutions in Abu Dhabi, including the emirate's sovereign fund, have come together to launch a new stablecoin linked to the dirham.

Abu Dhabi's sovereign fund ADQ, the largest bank in the United Arab Emirates, First Abu Dhabi Bank (FAB), and the huge conglomerate International Holding Company have partnered to launch the stablecoin, pending regulatory approval, the three companies announced on April 28.