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Abu Dhabi Plans to Launch Dirham-Backed Stablecoin
Abu Dhabi is taking big steps in digital finance by creating a new stablecoin backed by the UAE dirham. It will be fully regulated by the UAE Central Bank to make sure it's safe and reliable.
Top organizations like International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) are leading this project. The goal is to make digital payments faster and more secure for businesses and people.
The stablecoin will run on the ADI blockchain, built by the ADI Foundation, and will support smart uses like machine-to-machine payments and AI-powered systems.
This move is part of the UAE’s plan to become a world leader in digital money and blockchain technology.
