Browsing: UAE financial innovation

Economy

IHC, ADQ and FAB to Launch Dirham-Backed Stablecoin

The UAE is set to launch a Dirham-backed stablecoin through a joint initiative by IHC, ADQ, and First Abu Dhabi Bank (FAB), pending regulatory approval. The new digital currency will be issued by FAB under the oversight of the Central Bank of the UAE (CBUAE).