#AbuDhabiStablecoin Abu Dhabi's financial institutions, ADQ, International Holding Company, and First Abu Dhabi Bank, are launching a dirham-backed stablecoin to boost the UAE's digital finance ambitions. This new stablecoin aims to:

- Key Features:

- *Dirham-Backed*: Fully backed by the UAE dirham, ensuring stability and trust.

- *Regulatory Oversight*: Subject to the UAE Central Bank's supervision.

- *Blockchain Technology*: Operates on the ADI blockchain for secure and efficient transactions.

- Goals:

- Strengthen the UAE's digital infrastructure

- Position the country at the forefront of global fintech innovation

This development reflects Abu Dhabi's commitment to digital finance innovation and its growing presence in the crypto space .