According to AltcoinGordon on Twitter, Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin, fully regulated by the UAE Central Bank, to strengthen the nation’s digital asset strategy (source: AltcoinGordon, April 29, 2025). This initiative is expected to provide traders with a secure, compliant on-ramp for digital dirham transactions and increase liquidity in the UAE crypto market. Early adoption could offer significant advantages as regulated stablecoins often drive market confidence and trading volume.