#AbuDhabiStablecoin On April 29, 2025, a significant development was announced in the digital finance landscape of Abu Dhabi. Three main entities: International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB) - revealed their collaboration to launch a new stablecoin fully backed by the UAE dirham.

This initiative, which will be regulated by the Central Bank of the UAE and issued by FAB, aims to revolutionize blockchain payments within the UAE for both consumers and businesses.