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UAE to Launch Dirham-Backed Stablecoin to Boost Digital Payments

https://www.tronweekly.com/uae-to-launch-dirham-backed-stablecoin/
Abu Dhabi’s International Holding Company (IHC), ADQ and First Abu Dhabi Bank (FAB) have announced the launch of UAE Dirham-backed stablecoin. If approved, the stablecoin will be issued by FAB and regulated by the UAE Central Bank (CBUAE). This stablecoin seeks to revolutionize payment systems and boost UAE’s digital finance sector…

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