#AbuDhabiStablecoin Exciting news from Abu Dhabi! A new stablecoin backed by the UAE dirham is set to launch, spearheaded by major players ADQ, IHC, and First Abu Dhabi Bank (FAB). Fully regulated by the UAE Central Bank and operating on the ADI blockchain, this digital currency aims to revolutionize transactions for consumers, businesses, and institutions.

This initiative underscores the UAE's commitment to strengthening its digital infrastructure and becoming a global fintech hub. The dirham-backed stablecoin promises stability and efficiency for digital payments, supporting innovative applications like machine-to-machine transactions and AI-driven processes. It's a significant step towards a more modern and digitally connected economy in the UAE and beyond.