#AbuDhabiStablecoin

#AbuDhabiStablecoin In April 2025, in Abu Dhabi, the launch of a new stablecoin backed by the United Arab Emirates dirham was announced. The project is being carried out in collaboration between three major financial institutions:

• International Holding Company (IHC)

• ADQ (sovereign investment fund)

• First Abu Dhabi Bank (FAB) (the largest bank in the United Arab Emirates)

Main features of the stablecoin

• Backing: The stablecoin will be fully backed by the United Arab Emirates dirhams and will be regulated by the Central Bank of the United Arab Emirates (CBUAE), ensuring its stability and user trust. 

• Technology platform: The digital currency will operate on the ADI blockchain, developed by the ADI Foundation. This platform offers a secure and scalable infrastructure for digital payments and has already established partnerships with the governments of over 20 countries. 

• Usage: The stablecoin is intended for a wide range of users, from individuals to businesses and public institutions. It will be used for daily payments, cross-border transactions, as well as in new digital scenarios, such as machine-to-machine interaction and applications utilizing artificial intelligence.