#AbuDhabiStablecoin Abu Dhabi is set to launch a dirham-backed stablecoin through a collaboration between First Abu Dhabi Bank (FAB), sovereign wealth fund ADQ, and International Holding Company (IHC). Pending final regulatory approval, the stablecoin will be issued by FAB and fully regulated by the Central Bank of the UAE. It will operate on the ADI blockchain, developed by the ADI Foundation, aiming to facilitate secure digital payments and support advanced use cases like machine-to-machine transactions and AI applications. This initiative positions the UAE at the forefront of blockchain innovation, enhancing its digital infrastructure and offering a stable alternative to volatile cryptocurrencies.