BTCC
/
BTCC Square
/
Global Cryptocurrency
/
UAE to Launch Dirham-Backed Stablecoin to Boost Digital Payments
UAE to Launch Dirham-Backed Stablecoin to Boost Digital Payments
6
2
The UAE is set to introduce a Dirham-backed stablecoin, regulated by the Central Bank of the UAE (CBUAE), as part of its push to enhance digital payment infrastructure and fintech growth. Abu Dhabi’s International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) are spearheading the initiative, with FAB as the potential issuer.
The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, ensuring secure and scalable transactions. Upon regulatory approval, it aims to facilitate digital payments and machine-to-machine transactions, positioning the UAE as a leader in blockchain-based financial innovation.
By:
Previous
Pi Network (PI) Faces Critical Juncture: Unlock Statistics May Spark Volatility Amid 80% Decline
Next
Hedera HBAR Surges 40% on Strategic Tokeny Partnership for Institutional Tokenization
