🇦🇪 UAE is preparing to launch a dirham-backed stablecoin

The three largest financial organizations in the UAE, including First Abu Dhabi Bank (FAB), have come together to launch a completely new stablecoin.

The new stablecoin aims to provide secure and fast payments both locally and globally.

🥇 Thus, Abu Dhabi aims to become a global leader in the crypto industry and fintech.