#AbuDhabiStablecoin

Abu Dhabi’s International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) plan to launch a dirham-backed stablecoin regulated by the UAE Central Bank. The stablecoin, to be issued by FAB and built on the ADI blockchain, aims to enhance payment solutions and digital infrastructure. It will serve consumers, businesses, and institutions, enabling emerging technologies like AI and machine-to-machine transactions. The move marks a significant step in expanding trusted blockchain-based payments in the UAE.