#AbuDhabiStablecoin

Abu Dhabi is set to launch a groundbreaking dirham-backed stablecoin, marking a significant step in the UAE's digital finance evolution. This initiative is a collaboration between three major institutions: ADQ (a sovereign wealth fund), International Holding Company (IHC), and First Abu Dhabi Bank (FAB) . The stablecoin will be fully regulated by the Central Bank of the UAE and issued by FAB, pending final approval. Designed to maintain a 1:1 peg with the UAE dirham, the stablecoin aims to facilitate secure and efficient digital transactions across various sectors. It will operate on the ADI blockchain, developed by the ADI Foundation, ensuring compliance and integration with existing financial systems . Beyond everyday payments, the stablecoin is expected to support advanced applications, including machine-to-machine and AI-driven transactions, aligning with the UAE's vision of becoming a global leader in blockchain innovation . This move underscores the UAE's commitment to embracing digital assets and enhancing its financial infrastructure, positioning the nation at the forefront of the evolving global digital economy.