#AbuDhabiStablecoin

Abu Dhabi is launching a new stablecoin backed by the UAE dirham to boost digital payments and support financial innovation. This stablecoin is being developed through a partnership between three major organizations: International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB).

The stablecoin will run on the ADI blockchain, created by the ADI Foundation. It will be pegged 1:1 with the UAE dirham, meaning its value will always match the national currency. First Abu Dhabi Bank plans to issue the coin once it gets approval from the Central Bank of the UAE.

The goal of this project is to offer a safe and trusted digital currency for both local and international use. It will help businesses and individuals make fast, low-cost payments using blockchain technology. This move is part of the UAE’s larger plan to become a global leader in digital finance and crypto innovation.

Earlier, the UAE had introduced AE Coin, the country’s first officially approved stablecoin. Now, Abu Dhabi’s new stablecoin shows strong support for blockchain growth and highlights the region’s commitment to shaping the future of digital money.

This makes it easier for people to trust and use crypto in everyday life.