ABU_ALZAHB

In a major move set to shake up the global digital finance scene, three of Abu Dhabi’s biggest powerhouses—ADQ (the Emirate’s sovereign wealth fund), First Abu Dhabi Bank (FAB), and the International Holding Company (IHC)—have announced plans to launch a UAE dirham-pegged stablecoin.
Pending greenlight from UAE regulators, this stablecoin will be backed by the national currency and regulated by the Central Bank of the UAE. The initiative will run on the ADI blockchain, developed by the nonprofit ADI Foundation, which aims to bridge traditional financial systems with cutting-edge blockchain innovation.
This digital currency isn’t just about crypto—it’s about positioning the UAE as a global leader in blockchain technology. The new dirham-backed coin will support advanced use cases, including machine-to-machine transactions and AI-driven systems, laying the groundwork for a futuristic, tech-empowered economy.
Who's Behind the Vision?
ADQ: Founded in 2018, focused on vital infrastructure and supply chains.
FAB: The largest bank in the UAE, born from a 2017 merger of two banking giants.
IHC: A $243 billion conglomerate with strong ties to the Abu Dhabi ruling family.
Together, they aim to solidify the UAE's role in the next era of digital finance and elevate its presence on the global fintech stage.
A Global Trend Beyond the Dollar
This announcement adds the UAE to the growing list of countries developing stablecoins that aren't tied to the US dollar. While US dollar stablecoins like Tether (USDT) and USDC still dominate—holding 90% of the $230+ billion market—nations like Russia are exploring alternatives amid regulatory tensions.
Still, experts like Citigroup predict that USD-backed stablecoins will continue to lead globally, even as countries ramp up efforts to launch national stablecoins or central bank digital currencies (CBDCs).
The race is on, and the UAE is not just participating—it’s playing to win.
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