#AbuDhabiStablecoin

Abu Dhabi is actively developing its stablecoin ecosystem with a focus on regulation and adoption. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has proposed a framework for fiat-referenced tokens. Recently, major entities including IHC, ADQ, and FAB announced plans for a Dirham-backed stablecoin, aiming to modernize transactions and enhance the UAE's digital economy. This follows the licensing of AE Coin, the UAE's first regulated stablecoin. These initiatives signal a strong push towards integrating stablecoins into the financial landscape of Abu Dhabi and the wider UAE.