#AbuDhabiStablecoin A trio of major institutions in Abu Dhabi, including the sovereign fund ADQ, the largest bank in the United Arab Emirates First Abu Dhabi Bank (FAB), and the conglomerate International Holding Company (IHC), have partnered to launch a new stablecoin pegged to the UAE dirham. The stablecoin is awaiting regulatory approval and will be regulated by the Central Bank of the United Arab Emirates (CBUAE) and issued by FAB.