#AbuDhabiStablecoin

Abu Dhabi is taking significant strides in the digital finance realm with the planned launch of a dirham-backed stablecoin. This initiative, spearheaded by major Abu Dhabi institutions including ADQ, First Abu Dhabi Bank (FAB), and the International Holding Company (IHC), aims to revolutionize payments and business transactions both locally and globally.

The stablecoin will be fully regulated by the Central Bank of the UAE and is intended to operate on the ADI blockchain, a technology developed within the UAE. Backed by the UAE dirham, it seeks to provide a stable and secure digital currency for various applications, from everyday consumer transactions to institutional payments and emerging digital use cases like AI and machine-to-machine communication. This move underscores the UAE's ambition to become a leading fintech hub and strengthen its digital infrastructure.