#AbuDhabiStablecoin Abu Dhabi’s sovereign wealth fund ADQ, conglomerate IHC, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin fully backed by the UAE dirham.

The stablecoin will be issued by FAB and will be fully regulated by the Central Bank of the UAE, pending regulatory approval.

Purpose and Use Cases

The stablecoin aims to serve as a reliable digital currency for individuals, businesses, and institutions, facilitating daily transactions and payments both locally and globally.

It will operate on the ADI blockchain, a UAE-developed platform designed to support secure and scalable digital payments.

Use cases include traditional payments, commerce, trade, and emerging digital applications such as machine-to-machine and AI-driven transactions.