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BTCC / BTCC Square / Global Cryptocurrency /
United Arab Emirates Launches Dirham-Backed Stablecoin in Push for Crypto Hub Status

United Arab Emirates Launches Dirham-Backed Stablecoin in Push for Crypto Hub Status

Author:
Global Cryptocurrency
Published:
2025-04-29 13:40:02
17
3

The United Arab Emirates is accelerating its digital asset ambitions with the launch of a central bank-regulated stablecoin pegged to the dirham. Sovereign wealth fund ADQ, conglomerate International Holding Company, and First Abu Dhabi Bank are spearheading the initiative.

This move solidifies the UAE’s strategic pivot toward cryptocurrency infrastructure development. The fully regulated stablecoin framework provides institutional-grade rails for blockchain-based transactions while maintaining monetary policy alignment.

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