#AbuDhabiStablecoin

Abu Dhabi is launching a stablecoin backed by the UAE's currency, dirham, to promote digital payments and financial innovation. Three Abu Dhabi entities, including a sovereign wealth fund, ADQ, First Abu Dhabi Bank (FAB), and International Holding Company, will be founding partners. The stablecoin aims to¹:

- *Enhance Transaction Efficiency*: Reduce operational costs and increase speed

- *Support Emerging Use Cases*: Enable machine-to-machine and artificial intelligence transactions

- *Revolutionize Blockchain Payments*: Provide a reliable digital currency for everyday scenarios

This move aligns with the UAE's ambition to become a leader in blockchain technology and positions Abu Dhabi as a hub for digital asset expansion.²