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UAE banks anchor first domestic dollar-backed stablecoin

Published on: Tuesday 03 February 2026

First Abu Dhabi Bank, the country’s largest lender, last year signalled its intention to launch a stablecoin in collaboration with RAKBank, while Emirates NBD, the UAE’s largest bank by Tier 1 capital ...

News source: https://www.thebanker.com/content/c5ed773c-259f-4118-8bbe-dde5a65f1d03

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UAE banks anchor first domestic dollar-backed stablecoin