#AbuDhabiStablecoin

Abu Dhabi is set to launch a new dirham-backed stablecoin, marking a significant step in the UAE's digital finance landscape. ([Abu Dhabi launches new Dirham-backed stablecoin project, backed by major institutions](https://crypto.news/abu-dhabi-launches-new-dirham-backed-stablecoin-project-backed-by-major-institutions/?utm_source=chatgpt.com))

1. The stablecoin is a collaborative initiative by Abu Dhabi's sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB), the UAE's largest bank. ([Abu Dhabi Entities Announce Plans for Dirham-Backed Stablecoin](https://www.binance.com/en-AE/square/post/23535627596913?utm_source=chatgpt.com))

2. Fully regulated by the UAE Central Bank, this digital currency aims to enhance payment solutions and bolster the nation's digital infrastructure. ([Abu Dhabi launches new Dirham-backed stablecoin project, backed by major institutions](https://crypto.news/abu-dhabi-launches-new-dirham-backed-stablecoin-project-backed-by-major-institutions/?utm_source=chatgpt.com))

3. Operating on the ADI blockchain developed by the ADI Foundation, the stablecoin is designed to facilitate secure and efficient transactions for consumers, businesses, and institutions. ([IHC, ADQ and FAB pioneer UAE Dirham-backed Stablecoin for ...](https://www.tahawultech.com/home-slide/ihc-adq-and-fab-pioneer-uae-dirham-backed-stablecoin-for-digital-economy/?utm_source=chatgpt.com))

4. Beyond traditional payments, the stablecoin is expected to support emerging applications, including machine-to-machine transactions and AI-driven processes. ([Abu Dhabi launches new Dirham-backed stablecoin project, backed by major institutions](https://crypto.news/abu-dhabi-launches-new-dirham-backed-stablecoin-project-backed-by-major-institutions/?utm_source=chatgpt.com))

5. This initiative aligns with the UAE's broader strategy to position itself as a global hub for digital assets and blockchain innovation. ([Crypto exchange Binance gets $2 bln investment from Abu Dhabi's MGX](https://www.reuters.com