Abu Dhabi Titans Join Forces for Dirham-Pegged Stablecoin Launch

In a landmark move poised to reshape the financial landscape of the United Arab Emirates, three of Abu Dhabi’s most powerful institutions have announced plans to launch a dirham-pegged stablecoin, pending regulatory approval. The sovereign wealth fund ADQ, the nation’s largest bank, First Abu Dhabi Bank (FAB), and the sprawling conglomerate International Holding Company (IH...

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