#AbuDhabiStablecoin #AbuDhabiStablecoin is attracting significant attention following the announcement of plans to launch a new stablecoin pegged to the UAE dirham. The three "giants" of Abu Dhabi, including ADQ, First Abu Dhabi Bank (FAB), and International Holding Co. (IHC), are collaborating on this project.

This stablecoin is expected to become a reliable digital currency, serving many daily digital economic activities. The UAE Central Bank will closely supervise the issuance to ensure transparency, safety, and financial stability. Additionally, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has also taken proactive steps in establishing a legal framework for the stablecoin, demonstrating support for the development of digital assets in the region.