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Abu Dhabi doubles down on crypto as wealth fund, FAB, IHC join forces for new stablecoin

Bitcoin · Abu Dhabi

Abu Dhabi doubles down on crypto as wealth fund, FAB, IHC join forces for new stablecoin

60% Center coverage: 10 sources

Abu Dhabi sovereign wealth fund ADQ, conglomerate IHC, and the UAE's biggest lender by assets First Abu Dhabi Bank (FAB) are planning to launch a new stablecoin backed by dirhams, they said on Monday, as the Gulf country deepens its investment in cryptocurrencies.See the Story

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See all of wam.ae’s headline news. Compare how the top news stories are covered by left-wing and right-wing news sources. We’ve discovered 1 headlines written by wam.ae during the past 3 months.

We’ve assigned a media bias rating of unknown to wam.ae. You can read more about our methodology here. Is wam.ae credible or reliable? Our Factuality score answers both of those questions. When it comes to wam.ae, we’ve assigned a Unknown factuality rating. Ratings are assigned by aggregating scores from Ad Fontes Media and Media Bias/Fact Check.

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