UAE Greenlights Institutional Stablecoin for Trade and Settlement

Abu Dhabi’s leading financial and investment institutions have received regulatory approval to launch a UAE dirham-backed “institutional” stablecoin aimed at high-value settlement and trade transactions, marking a significant step in the country’s regulated digital finance strategy. The initiative is led by First Abu Dhabi Bank (FAB), which will issue the stablecoin, alongside International Holding Company […]