#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi is working on the launch of a stablecoin linked to the dirham, the official currency of the United Arab Emirates. This initiative aims to position the country as a leader in blockchain innovation and strengthen its digital infrastructure.

*Key details of the stablecoin*

- *Regulation*: The stablecoin will be regulated by the Central Bank of the United Arab Emirates.

- *Backing*: It will be backed by the dirham, ensuring its stability and value.

- *Use*: The stablecoin is expected to be used in a wide range of daily scenarios, including payments and commercial transactions.

- *Technology*: The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, a non-profit organization dedicated to promoting the adoption of blockchain technology.

*Goals and benefits*

- *Innovation*: The stablecoin seeks to drive innovation in the financial sector and promote the use of blockchain technology.

- *Efficiency*: The stablecoin is expected to improve the efficiency and security of financial transactions.

- *Economic growth*: The stablecoin could create new opportunities for economic growth and value creation in the United Arab Emirates.

*Participants and dates*

- *Partners*: The partners involved in the launch of the stablecoin are ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC).

- *Launch date*: The stablecoin is expected to launch in the last quarter of 2025, pending regulatory approval ¹ ².