InsighthubNews
  • Home
  • World News
  • Politics
  • Celebrity
  • Environment
  • Business
  • Technology
  • Crypto
  • Sports
  • Gaming
Reading: ADQ & FAB relaxes u
Share
Font ResizerAa
InsighthubNewsInsighthubNews
Search
  • Home
  • World News
  • Politics
  • Celebrity
  • Environment
  • Business
  • Technology
  • Crypto
  • Sports
  • Gaming
© 2024 All Rights Reserved | Powered by Insighthub News
InsighthubNews > Crypto > ADQ & FAB relaxes u
Crypto

ADQ & FAB relaxes u

April 29, 2025 4 Min Read
Share
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank to launch a dirham-backed stablecoin
SHARE

Dirham Stablecoin has been officially announced by three Abu Dhabi organizations: IHC, ADQ and First Abu Dhabi Bank (FAB). Fully regulated by the UAE Central Bank, the UAE Digital Currency initiative aims to revolutionize payment solutions while operating on the ADI blockchain. The launch of MasterCard Dirham Stablecoin has also been a major achievement in the UAE’s continued progress towards becoming a respected fintech leader in the local market and around the world.

In UAE’s regulated stubcoin transfer using IHC, ADQ, FAB, MASTERCARD

Key features of the new Dirham Stablecoin

Regulated stubcoins act as a reliable digital currency for consumers, businesses and various institutions. It also aims to support new digital use cases, from machines to machines and artificial intelligence applications, which are becoming increasingly important in today’s digital economy.

Chart showing the top 10 stub coins by market capitalization

He said, Mohamed Hassan Alsuwaidi, managing director and group CEO of ADQ:

“The launch of Stablecoin illustrates a crucial step in our commitment to strengthening the UAE’s digital infrastructure ecosystem. As we move forward more and more towards a digital and connected economy, Stablecoin will provide safe, efficient and scalable solutions while creating new opportunities for growth and value creation.”

More information about IHC, ADQ and FAB Partnerships

IHC, ADQ, FAB

The Dirham Stablecoin will be issued by Fab, the largest bank in the UAE, subject to regulatory approval. The IHC ADQ Fab Partnership will bring together three powerful entities to help drive UAE digital currency in the coming months.

sust Just In: Abu Dhabi’s ADQ, IHC and the first Abu Dhabi Bank have launched a Dilaham-backed stablecoin, fully regulated by the UAE central bank, to accelerate the country’s digital asset strategy. pic.twitter.com/f5gkhv7crm

– Cointelegraph (@cointelegraph) April 28, 2025

IHC CEO Syed Basar Shueb was clear about the following facts:

See also  BlackRock chooses "this" new asset over US dollars and bonds

“This new Stablecoin represents a major breakthrough in the development of digital currency and is proud to have played a key role in its creation. We look forward to working with our partners to explore the vast possibilities and innovations of the UAE by bringing the expertise of blockchain and fintech.”

How Regulated Stubcoins Reduce Cryptographic Risk

UAE digital currency addresses the critical risks of the cryptocurrency space through its regulated nature and institutional support. Dirham Stablecoin is operated on the ADI blockchain developed by the ADI Foundation. The ADI Foundation already has strategic partnerships with governments in more than 20 countries around the world.

“We are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are offering a range of services and services.

“This new Stablecoin represents a transformative progression and revolutionizes the way in which both consumers and businesses engage in reliable blockchain payments in the UAE.”

Guillaume de La Tour, CEO of Adi Foundation, commented:

“This marks a pivotal milestone in the UAE’s journey to a more inclusive and digital empowerment economy. By leveraging the ADI blockchain, we enable secure, transparent and efficient transactions at scale, built on the technologies developed in the UAE.”

The regulated Stablecoin represents a key milestone in the Digital Dirham Strategy launched by the UAE Central Bank in March 2023. The IHC and ADQ and Fab Dirham Stablecoin projects represent important advances in UAE cryptocurrency regulations with traditional cryptocurrency risks through official rules that affect global rules.

See also  Dogecoin: How much will Doge rise in May 2025?

Share This Article
Twitter Copy Link
Previous Article Rupert Grint's Children: How many children does the actor in "Harry Potter" have? Rupert Grint’s Children: How many children does the actor in “Harry Potter” have?
Next Article A forgotten theater. Two unlikely heroes. The puppet has appeared once A forgotten theater. Two unlikely heroes. The puppet has appeared once

Latest News

mm

Anaconda launches the first unified AI platform to redefine enterprise-grade AI development

Anaconda Inc., a longtime leader in Python-based data science, has…

May 14, 2025
Microsoft fixed 78 flaws and exploited five zero-days. CVSS 10 bug affects Azure DevOps servers

Microsoft fixed 78 flaws and exploited five zero-days. CVSS 10 bug affects Azure DevOps servers

On Tuesday, Microsoft shipped fixes to address a total of…

May 14, 2025
mm

Why language models are “lost” in conversation

A new paper from Microsoft Research and Salesforce found that…

May 13, 2025
Ransomware Attack

Moldova police arrest suspect in a 4.5 million euro ransomware attack on a Dutch research institution

Moldova's law enforcement arrested a 45-year-old foreigner suspected of being…

May 13, 2025
mm

DeepSeek-Grm: revolutionizes scalable, cost-effective AI for businesses

Many companies struggle to adopt artificial intelligence (AI) due to…

May 12, 2025

You Might Also Like

xrp ripple space rocket moon
Crypto

If Ripple buys a circle, how much is XRP expensive?

4 Min Read
Dogecoin vs Cardano
Crypto

Cardano (ADA) vs Dogecoin (Doge): Which Crypto will hit the first as?

4 Min Read
doge millionaire
Crypto

Dogecoin: How to Become a Millionaire when Doge reaches $3

2 Min Read
359 Million Dogecoin on the Move by Top Whale, Price Reacts
Crypto

The whale will throw away $92.5 million worth of dog coins. How will Doge trade next?

2 Min Read
InsighthubNews
InsighthubNews

Welcome to InsighthubNews, your reliable source for the latest updates and in-depth insights from around the globe. We are dedicated to bringing you up-to-the-minute news and analysis on the most pressing issues and developments shaping the world today.

  • Home
  • Celebrity
  • Environment
  • Business
  • Crypto
  • Home
  • World News
  • Politics
  • Celebrity
  • Environment
  • Business
  • Technology
  • Crypto
  • Sports
  • Gaming
  • World News
  • Politics
  • Technology
  • Sports
  • Gaming
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

© 2024 All Rights Reserved | Powered by Insighthub News

Welcome Back!

Sign in to your account

Lost your password?