Forum
OPRR
Finance
Specials
On-chain Eco
Entry
Podcasts
Data
Email Quick Login
Verification Code
Get Verification Code
Join
Forgot Password
Verification Code Login
/
Register
Reuters: Abu Dhabi Sovereign Wealth Fund Plans to Launch Dirham Stablecoin in Partnership with Multiple Entities
2025-04-29 00:44
BlockBeats News, April 29th, according to Reuters, Abu Dhabi sovereign wealth fund ADQ, conglomerate IHC (IHC.AD), and the UAE's largest bank by assets First Abu Dhabi Bank (FAB.AD) announced on Monday plans to launch a new dirham-backed stablecoin. The dirham is the official currency of the United Arab Emirates (UAE).
The three companies stated in a release that the stablecoin will be fully regulated by the United Arab Emirates Central Bank. This move signals further investment in the cryptocurrency space by Gulf countries.
Correction/Report
This platform has fully integrated the Farcaster protocol. If you have a Farcaster account, you canLogin
to comment
2025-04-28 15:39
2025-04-28 11:00
2025-04-28 10:55
On-Chain Detective
24H Important Information
2025-04-29
Correction/Report
Submit
Add Library
Visible to myself only
Public
Save
Choose Library
Add Library
Cancel
Finish