#AbuDhabiStablecoin Abu Dhabi launches stablecoin backed by the UAE dirham

On April 28, 2025, Abu Dhabi announced the launch of a new stablecoin backed by the United Arab Emirates dirham, marking a major step in the digitalization of the regional financial system.

The stablecoin is the result of collaboration between:

First Abu Dhabi Bank (FAB) – the largest bank in the UAE

ADQ – sovereign investment fund

International Holding Company (IHC) – a major conglomerate in the region

The currency will be fully regulated by the Central Bank of the United Arab Emirates and will operate on the ADI blockchain, developed by the ADI Foundation.