#阿布扎比稳定币

On April 28, 2025, three major financial institutions in Abu Dhabi—Abu Dhabi Development Holding Company (ADQ), International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—announced plans to launch a stablecoin backed by the UAE Dirham (AED). This stablecoin will be fully regulated by the Central Bank of the UAE and issued by FAB, currently awaiting regulatory approval.

Project Highlights

Blockchain Platform: This stablecoin will operate on the ADI blockchain, developed locally in the UAE, aimed at providing secure, transparent, and efficient payment solutions.

Application Scenarios: The stablecoin is planned to be widely used in financial, commercial, and trade sectors, supporting various scenarios such as daily payments, corporate transactions, and cross-border settlements.

Regulatory Framework: The Central Bank of the UAE has approved the regulatory framework for the stablecoin in 2024, providing a foundation for the project's compliance.

Background and Impact

This stablecoin project is one of the important initiatives in the UAE's drive to promote digital economy and financial technology development. Previously, the UAE launched the first official Dirham stablecoin, AE Coin, attracting international stablecoin issuers, including Tether, into the market.

Additionally, Abu Dhabi's investment institution MGX recently invested $2 billion in the cryptocurrency exchange Binance, further demonstrating the region's emphasis on the cryptocurrency asset field.

This series of initiatives indicates that Abu Dhabi is committed to becoming a global center for cryptocurrency and digital finance, promoting local economic diversification, and attracting global fintech talent and enterprises.