#AbuDhabiStablecoin
☝️Abu Dhabi is accelerating its push into digital finance with two major stablecoin initiatives. First, AE Coin—the UAE’s first regulated, dirham-backed stablecoin—received final approval from the Central Bank in December 2024. Issued by AED Stablecoin LLC, AE Coin operates under the Payment Token Services Regulation and is fully backed 1:1 by UAE dirham reserves. It’s designed for secure, efficient digital payments and integration with blockchain-based financial systems.
More recently, on April 28, 2025, a new dirham-pegged stablecoin was announced by three major Abu Dhabi institutions: International Holding Company (IHC), ADQ (a sovereign wealth fund), and First Abu Dhabi Bank (FAB). This upcoming coin will run on the ADI blockchain and is awaiting regulatory approval. It’s part of a broader effort to enhance digital payments and support innovation in AI and machine-to-machine finance.
These moves solidify Abu Dhabi’s position as a rising global hub for regulated digital assets and financial technology.
