#AbuDhabiStablecoin

#AbuDhabiStablecoin Abu Dhabi launches a stablecoin backed by the Emirati Dirham

Abu Dhabi has announced the launch of a stablecoin backed by the Emirati Dirham, as part of its efforts to enhance innovation in the blockchain field. Here are the details:

Details of the stablecoin

- *Partnership*: A partnership has been announced between three key institutions in Abu Dhabi, namely ADQ (Abu Dhabi Sovereign Wealth Fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC), to launch the stablecoin.

- *Regulation*: The stablecoin will be regulated by the Central Bank of the UAE and will be backed by the Emirati Dirham, ensuring its stability and security.