#AbuDhabiStablecoin Abu Dhabi is advancing its digital economy by introducing a new dirham-backed stablecoin, developed through a collaboration between International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB). This stablecoin will be issued by FAB and regulated by the Central Bank of the UAE, operating on the ADI blockchain . 

The initiative aims to provide a reliable digital currency for everyday use by consumers, businesses, and institutions, enhancing payment solutions and digital infrastructure . This move follows the earlier launch of AE Coin, the UAE’s first regulated dirham-backed stablecoin, approved by the Central Bank in December 2024 .  

These developments underscore the UAE’s commitment to becoming a global hub for digital assets, supported by a comprehensive regulatory framework for fiat-referenced tokens .