Abu Dhabi is quietly laying out a stablecoin ecosystem, trying to carve out a place in the global digital financial landscape. Relying on the UAE's flexible regulatory framework and abundant sovereign wealth reserves, Abu Dhabi is promoting a fiat-backed stablecoin program, which has attracted numerous Web3 companies and sent a clear signal: the Middle East is no longer just a resource-exporting region, but a testing ground for global crypto finance. The launch of stablecoins is expected to enhance the efficiency of cross-border payments, clearing and settlement, and international trade, while also providing more possibilities for the Middle East amid the trend of de-dollarization. Will Abu Dhabi's move lead to the next stablecoin boom?