#AbuDhabiStablecoin Abu Dhabi's sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) have partnered to launch a dirham-pegged stablecoin, pending regulatory approval. This stablecoin aims to :

- *Revolutionize Digital Payments*: Enhance the efficiency and security of transactions in the UAE.

- *Support Advanced Use Cases*: Facilitate machine-to-machine and artificial intelligence transactions.

- *Strengthen Digital Infrastructure*: Position the UAE as a leader in global blockchain innovation.

*Key Features:*

- *Regulation*: The stablecoin will be regulated by the UAE's central bank.

- *Blockchain*: It will operate on the ADI blockchain, developed by the ADI Foundation.

- *Backing*: The stablecoin will be backed by the UAE dirham, ensuring stability and trust.

*Impact:*

- *Finance and Commerce*: The stablecoin is expected to benefit the finance, commerce, and trade industries.

- *Web3 Adoption*: This initiative aligns with the UAE's goal to become a global Web3 hub, leveraging progressive regulation and strategic partnerships.