#AbuDhabiStablecoin

💥 Abu Dhabi — IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new Dirham-backed stablecoin, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and issued by the largest bank in the UAE, FAB (subject to regulatory approval).

The new stablecoin will transform local and global payments and business transactions, as well as strengthen the UAE's position as a leader in blockchain and fintech innovation.

Built on the ADI blockchain — an advanced technology developed in the UAE by the ADI Foundation — it will provide a secure and compliant network for next-generation blockchain payments.

"This new stablecoin is a major breakthrough in the development of digital currency, and we are proud to have played a significant role in its creation. By bringing IHC's expertise in blockchain and fintech, we look forward to collaborating with our partners to explore its vast potential and drive innovation in the UAE," said Syed Basar Shueb, CEO of IHC.