#AbuDhabiStablecoin Key Highlights of the Dirham-Backed Stablecoin

• Issuers and Collaborators: The stablecoin is a joint initiative by Abu Dhabi’s International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB). 

• Regulatory Oversight: The Central Bank of the UAE (CBUAE) will regulate the stablecoin, ensuring compliance and stability within the financial system. 

• Blockchain Infrastructure: The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, offering secure and scalable blockchain-based payment solutions. 

• Purpose and Utility: Designed to facilitate digital payments, machine-to-machine transactions, and AI-powered applications for both businesses and individual users. 

• Global Integration: The ADI blockchain has established partnerships with over 20 countries, aiming to extend the stablecoin’s reach and promote a compliant blockchain payments network.