#AbuDhabiStablecoin Abu Dhabi is set to launch a stablecoin pegged to the United Arab Emirates dirham, fully regulated by the CBUAE (Central Bank of the UAE). This initiative involves prominent entities such as IHC, ADQ, and First Abu Dhabi Bank (FAB), which will be the issuer pending regulatory approval.

Operating on the ADI blockchain, developed in the UAE, the stablecoin aims to revolutionize payments and commercial transactions both locally and globally. It will provide a reliable digital currency for various users, from citizens to institutions, also supporting emerging use cases such as machine-to-machine communication and artificial intelligence applications.

This strategic move positions the UAE as a leading fintech hub, strengthening its digital infrastructure and promoting innovation in blockchain technology. The stablecoin is expected to simplify transactions, enhance liquidity, and open new opportunities in decentralized finance (DeFi).