#AbuDhabiStablecoin On April 29, 2025, Abu Dhabi announced its first fully regulated Dirham-backed stablecoin, a collaboration between First Abu Dhabi Bank (FAB), IHC, and ADQ. Subject to regulatory approval by the Central Bank of the UAE, FAB will issue the stablecoin, aiming to revolutionize payments and strengthen the UAE's digital economy.

This initiative aligns with the UAE's vision to become a leading fintech hub. The Dirham stablecoin will operate on the ADI blockchain, developed by the UAE-based ADI Foundation, providing a compliant network for blockchain payments. It intends to facilitate secure and efficient transactions for individuals, businesses, and institutions, supporting emerging technologies like AI.

The Abu Dhabi Global Market (ADGM) has also established a regulatory framework for Fiat-Referenced Tokens (FRTs), a type of stablecoin. This framework, introduced by the Financial Services Regulatory Authority (FSRA), focuses on stability, transparency, and investor protection, mandating full reserve backing and robust governance. While the new Dirham stablecoin is backed by the UAE's central bank, the ADGM framework provides a broader structure for other fiat-backed stablecoins within its jurisdiction.