#AbuDhabiStablecoin The #AbuDhabiStablecoin project is an initiative led by three major institutions from the United Arab Emirates: the sovereign fund ADQ, the conglomerate IHC, and the First Abu Dhabi Bank (FAB). This stablecoin will be backed by the dirham, the official currency of the country, and will be fully regulated by the Central Bank of the UAE. Its aim is to strengthen the country's digital infrastructure and position the UAE as a leader in blockchain innovation.

The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, a non-profit organization that seeks to connect traditional financial systems with cutting-edge blockchain technology. Additionally, this digital currency is expected to facilitate secure and efficient transactions, including emerging use cases such as machine-to-machine interactions and processes driven by artificial intelligence.