#AbuDhabiStablecoin #AbuDhabiStablecoin refers to the United Arab Emirates' initiative to launch a stablecoin backed by the dirham (AED), driven by three institutions in Abu Dhabi: ADQ (sovereign fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). The digital currency will be issued by FAB, regulated by the Central Bank of the UAE, and will operate on the ADI blockchain. Its goal is to modernize payments, including machine-to-machine transactions and applications with artificial intelligence, strengthening the country's digital infrastructure and positioning the UAE as leaders in blockchain innovation.
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