#AbuDhabiStablecoin

Abu Dhabi Accelerates Digital Economy with Regulated Dirham-Backed Stablecoin

In a significant move to strengthen its position as a global crypto hub, Abu Dhabi has announced the development of a Central Bank-regulated dirham-backed stablecoin, as revealed on April 29, 2025. This initiative is spearheaded by key Emirati financial players, including sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC). The stablecoin, which will operate on the ADI blockchain, is designed to streamline digital payments, boost cross-border transactions, and enhance the UAE’s rapidly growing digital asset ecosystem. By ensuring full oversight from the UAE Central Bank, the project aims to combine innovation with regulatory compliance, setting a benchmark for government-backed stablecoins worldwide. This development follows Abu Dhabi’s broader strategy to position itself at the forefront of blockchain adoption, fostering trust and efficiency in digital finance. As stablecoins gain traction globally, the UAE’s latest move could significantly influence how nations integrate cryptocurrencies into their financial systems, potentially reshaping the future of digital transactions.

💬 Will this dirham-pegged stablecoin become a model for other central banks? #AbuDhabiStablecoin #CryptoUAE #BTC