#AbuDhabiStablecoin
In March 2025, the Abu Dhabi government announced plans to release a new stablecoin, called "ADCB Stablecoin" [5]. This stablecoin will be pegged to the value of the UAE Dirham (AED) and will be used for payments and money transfers in the region [5].
Below are some important details about this stablecoin:
- *Issuance:* The stablecoin will be issued by Abu Dhabi Commercial Bank (ADCB) and will be supported by the Abu Dhabi government [5].
- *Value Peg:* The stablecoin will be pegged to the value of the UAE Dirham (AED) to ensure stability and reliability [5].
- *Usage:* The stablecoin will be used for payments and money transfers in the region, including commercial and financial transactions [5].
- *Security:* The stablecoin will be designed with high security features to ensure safety for transactions and user information [5].
The issuance of this stablecoin is expected to help promote the development of the digital economy in Abu Dhabi and the Middle East region [5].