Tag: FAB

UAE Giants Unite to Launch Dirham Stablecoin, Challenging the US Dollar

By Emir Abyazov Abu Dhabi’s biggest financial players are teaming up to launch a new dirham-backed stablecoin. Sovereign fund ADQ, the UAE’s largest bank, First Abu Dhabi Bank (FAB), and international conglomerate International Holding Company announced their plans on April 28, pending regulatory approval. According to a statement from the companies, the stablecoin will be regulated by […]