UAE to Launch Dirham-Backed Stablecoin to Boost Digital Payments

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-04-29 02:13:01

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:

Log in to Reply

Pi Network (PI) Faces Critical Juncture: Unlock Statistics May Spark Volatility Amid 80% Decline

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.