#AbuDhabiStablecoin Abu Dhabi is making significant strides in digital finance with a new stablecoin project. Here's what's happening ¹ ²:

- *Partnership*: Three major institutions in Abu Dhabi have joined forces to launch a dirham-pegged stablecoin. These institutions include:

- *ADQ*: A sovereign wealth fund focused on investments in critical infrastructure and global supply chains.

- *First Abu Dhabi Bank (FAB)*: The largest bank in the UAE, which will issue the stablecoin.

- *International Holding Company (IHC)*: A conglomerate with a market value of over $243 billion.

- *Stablecoin Details*:

- *Regulation*: The stablecoin will be fully regulated by the Central Bank of the UAE.

- *Blockchain*: It will operate on the ADI blockchain, developed by the ADI Foundation.

- *Use Cases*: Designed for various applications, including machine-to-machine transactions and artificial intelligence integration.

- *Goals*:

- *Digital Infrastructure*: Strengthen the UAE's digital infrastructure and advance its global fintech leadership.

- *Economic Diversification*: Support the UAE's vision to enhance economic diversification and improve financial inclusion.

The project aims to position the UAE as a global leader in blockchain innovation and reinforce its digital financial infrastructure. Once approved, the stablecoin will enter operational phases using the ADI blockchain as its technical base ¹.