#AbuDhabiStablecoin Abu Dhabi has launched its first regulated stablecoin, "$AED", pegged to the UAE dirham. Developed by Hub71, a tech ecosystem backed by Abu Dhabi's government, this stablecoin aims to provide secure, instant, and regulated crypto transactions. Key highlights include¹:

- *Regulated by UAE Central Bank*: Ensures stability and trust in the digital currency.

- *Backed by Dirham*: Maintains a stable value, reducing volatility.

- *Global Implications*: Positions the UAE as a leader in digital assets, potentially influencing other countries to create government-backed stablecoins.

- *Partnerships*: ADQ, First Abu Dhabi Bank, and International Holding Company collaborated on this initiative.

This development could boost cryptocurrency adoption in the region and beyond.²