Abu Dhabi Introduces Dirham-Backed Stablecoin Initiative
Three leading Abu Dhabi institutions—ADQ (sovereign wealth fund), International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—have unveiled plans to launch a stablecoin backed by the UAE dirham and fully regulated by the Central Bank of the United Arab Emirates (CBUAE). The new digital asset aims to support seamless digital payments and accelerate the UAE’s transition toward a digitally integrated financial system.
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🏦 Strong Institutional and Regulatory Foundation
This move aligns with the UAE’s broader ambition to become a global leader in the digital asset space. By developing a fully regulated dirham-pegged stablecoin, the initiative enhances the country’s financial innovation while reinforcing the security and stability of its digital currency ecosystem.
