#AbuDhabiStablecoin Abu Dhabi’s dirham-backed stablecoin represents a strategic leap toward cementing the UAE’s role as a blockchain innovation hub. By combining robust regulation, cutting-edge technology, and institutional partnerships, the initiative could redefine regional payments and strengthen the UAE’s position in the global digital economy.

Abu Dhabi is making significant strides in digital finance with the planned launch of a dirham-backed stablecoin, a collaborative effort involving major institutional players.

The stablecoin is a joint venture between Abu Dhabi’s sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and the UAE’s largest bank, First Abu Dhabi Bank (FAB). It will be regulated by the Central Bank of the UAE (CBUAE) and issued by FAB pending final approval .

The stablecoin will operate on the ADI blockchain, a platform developed by the UAE-based ADI Foundation. This blockchain aims to bridge traditional finance with decentralized systems, enabling secure, scalable transactions for everyday payments, machine-to-machine interactions, and AI-driven applications .

Designed for both consumer and institutional use, it will facilitate retail payments, cross-border trade, and emerging digital scenarios like automated AI transactions (e.g., machines paying for maintenance autonomously).