#AbuDhabiStablecoin AbuDhabiStablecoin

​Abu Dhabi has announced plans to launch a new dirham-backed stablecoin, AE Coin, as part of the UAE's broader strategy to become a global hub for digital assets. This initiative is a collaboration between major Abu Dhabi institutions, including the sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC). AE Coin will be fully regulated by the Central Bank of the UAE and pegged 1:1 to the UAE Dirham (AED), ensuring price stability and reducing the volatility commonly associated with cryptocurrencies. The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, to ensure security and transparency within the stablecoin ecosystem