#AbuDhabiStablecoin

Abu Dhabi is launching a dirham-backed stablecoin called #AbuDhabiStablecoin, fully regulated by the UAE Central Bank. This initiative is led by major Abu Dhabi entities including ADQ, IHC, and First Abu Dhabi Bank as part of the UAE's broader strategy to boost the digital asset economy in the region.

The stablecoin aims to enhance financial modernization by providing a secure, transparent digital currency that supports cross-border payments, reduces remittance costs, and accelerates blockchain adoption. It will operate on the AD1 blockchain, supporting machine-to-machine transactions and AI integration, similar to USDT and USDC mechanics.

This move positions Abu Dhabi as a potential global fintech hub, fostering trust and encouraging wider blockchain technology adoption while potentially setting a global standard for regulated digital currencies.