#AbuDhabiStablecoin

Emirati Alliance to Launch a Stablecoin Backed by the Dirham

Sky News

The International Holding Company and 'ADQ' (Abu Dhabi Developmental Holding Company) along with First Abu Dhabi Bank announced joint plans to launch a new stablecoin backed by the UAE dirham, fully supervised and regulated by the Central Bank of the United Arab Emirates.

The new currency is set to be issued by First Abu Dhabi Bank, the largest bank in the United Arab Emirates, following the necessary regulatory approvals.