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BTCC / BTCC Square / Global Cryptocurrency /
UAE Approves First Abu Dhabi Bank’s Dirham-Backed Stablecoin for Institutional Use

UAE Approves First Abu Dhabi Bank’s Dirham-Backed Stablecoin for Institutional Use

Author:
Global Cryptocurrency
Published:
2026-02-12 10:31:02
21
3
BTCCSquare news:

The UAE has greenlit a dirham-pegged stablecoin developed by First Abu Dhabi Bank (FAB), marking a pivotal advancement in the region's digital finance ecosystem. The Digital Dirham Stablecoin (DDSC) will serve institutional and government entities, streamlining payments, settlements, and programmable financial services.

Syed Basar Shueb, CEO of IHC, framed the launch as a transformative step for regulated digital payments. The stablecoin’s programmable features aim to automate treasury workflows and enable machine-to-machine transactions, aligning with the UAE’s vision for an autonomous economy.

FAB’s Futoon Hamdan AlMazrouei emphasized the integration of blockchain infrastructure with regulatory rigor, positioning DDSC as a scalable solution for institutional clients. The bank plans to distribute the stablecoin through approved platforms, though retail accessibility remains unconfirmed.

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