Abu Dhabi is advancing its digital finance ambitions with a new UAE dirham-backed stablecoin, announced on April 28, 2025, by sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC). Fully regulated by the UAE Central Bank and issued by FAB, pending approval, the stablecoin will operate on the ADI blockchain. It aims to facilitate secure, efficient digital transactions for citizens, businesses, and institutions, supporting use cases like machine-to-machine and AI-driven payments. This follows the UAE’s AE Coin launch in December 2024, reinforcing Abu Dhabi’s push to become a global fintech hub.
