Abu Dhabi Titans Join Forces for Dirham-Pegged Stablecoin Launch

In a landmark move poised to reshape the financial landscape of the United Arab Emirates, three of Abu Dhabi’s most powerful institutions have announced plans to launch a dirham-pegged stablecoin, pending regulatory approval. The sovereign wealth fund ADQ, the nation’s largest bank, First Abu Dhabi Bank (FAB), and the sprawling conglomerate Int...