According to Crypto Rover, Abu Dhabi’s sovereign wealth fund has partnered with First Abu Dhabi Bank (FAB) and International Holding Company (IHC) to launch a new Dirham-backed stablecoin, signaling increased institutional interest in regulated digital assets. Traders should note that the introduction of this stablecoin could drive higher liquidity in dirham-based crypto pairs and enhance cross-border transaction efficiency in the MENA region (source: Crypto Rover, April 28, 2025). The partnership may also attract more local and international investors seeking stable, fiat-pegged digital assets, potentially impacting demand for existing stablecoins and regional DeFi protocols.