The three major institutions in Abu Dhabi jointly launched a dirham-backed stablecoin, marking a key step in their layout of the digital asset field. Under the comprehensive regulation of the Central Bank of the UAE, this stablecoin is pegged 1:1 to the dirham and operates on the ADI blockchain, providing reliable payment solutions for daily and emerging digital scenarios. This not only promotes local financial innovation and supports economic diversification but also aims to enhance Abu Dhabi's and the UAE's position in the global digital economy.