In April 2025, it was announced in Abu Dhabi the launch of a new stablecoin backed by the UAE dirham. The project is being implemented 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 UAE)

Key features of the stablecoin

• Backing: The stablecoin will be fully backed by UAE dirhams and regulated by the Central Bank of the UAE (CBUAE), ensuring its stability and trust from users. 

• Technological platform: The digital currency will operate on the ADI blockchain developed by the ADI Foundation. This platform provides a secure and scalable infrastructure for digital payments and already has partnerships with governments of more than 20 countries. 

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