#AbuDhabiStablecoin AbuDhabiStablecoin: Dirham

Abu Dhabi is set to launch a Dirham-pegged stablecoin, overseen by the UAE Central Bank and backed by the Emirates Sovereign Wealth Fund. The initiative will run on the ADI blockchain, developed by the Abu Dhabi 1 Foundation, and will support machine-to-machine and AI-driven transactions, mirroring the operational models of USDT and USDC. The aim is to integrate with the global blockchain ecosystem, driving innovation in digital finance. The market capitalization of this new stablecoin is projected to surpass $243 billion, marking a significant shift in the digital currency landscape.