UAE’s First Regulated Stablecoin to Be Issued by First Abu Dhabi Bank
- First Abu Dhabi Bank to issue UAE’s new Dirham-backed stablecoin, pending approval from the Central Bank.
- The digital token will operate on ADI blockchain and support machine-to-machine and AI-driven payment flows.
- The stablecoin is part of the UAE’s broader push to accelerate adoption of regulated digital assets and infrastructure.
Three major financial institutions in the United Arab Emirates — International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) — have announced plans to launch a new stablecoin backed by the UAE dirham. The token will be issued by FAB, the country’s largest bank by assets, and regulated by the Central Bank of the UAE (CBUAE), pending final approval.
New Stablecoin to Operate on ADI Blockchain
According to a joint statement released Monday, the stablecoin will be deployed on …
The post UAE’s First Regulated Stablecoin to Be Issued by First Abu Dhabi Bank appeared first on Coin Edition.
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UAE’s First Regulated Stablecoin to Be Issued by First Abu Dhabi Bank
- First Abu Dhabi Bank to issue UAE’s new Dirham-backed stablecoin, pending approval from the Central Bank.
- The digital token will operate on ADI blockchain and support machine-to-machine and AI-driven payment flows.
- The stablecoin is part of the UAE’s broader push to accelerate adoption of regulated digital assets and infrastructure.
Three major financial institutions in the United Arab Emirates — International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) — have announced plans to launch a new stablecoin backed by the UAE dirham. The token will be issued by FAB, the country’s largest bank by assets, and regulated by the Central Bank of the UAE (CBUAE), pending final approval.
New Stablecoin to Operate on ADI Blockchain
According to a joint statement released Monday, the stablecoin will be deployed on …
The post UAE’s First Regulated Stablecoin to Be Issued by First Abu Dhabi Bank appeared first on Coin Edition.
Read More
The Role of Stablecoins in Illicit Activities