#AbuDhabiStablecoin
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๐ข๐ข๐ข๐ฃ๐ฃ๐ฃ๐ฃAbu Dhabi is set to launch a groundbreaking stablecoin pegged to the UAE dirham, marking a significant stride in the nationโs digital finance landscape. This initiative is a collaboration between three major entities: ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). The stablecoin will be regulated by the Central Bank of the UAE and is designed to operate on the ADI blockchain, developed by the ADI Foundation.
The digital dirham aims to enhance transaction efficiency, support AI-driven applications, and facilitate machine-to-machine payments. It is envisioned to serve a wide range of users, including consumers, businesses, and institutions, both locally and globally.
This move aligns with the UAEโs broader strategy to position itself at the forefront of global blockchain innovation and to strengthen its digital infrastructure. Pending final regulatory approval, the stablecoin is expected to be issued by FAB and could be launched by the end of 2025.
