#AbuDhabiStablecoin

The UAE has taken a significant step in digital finance with the launch of a dirham-backed stablecoin, a collaborative effort by Abu Dhabi’s sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin, fully regulated by the UAE Central Bank, aims to revolutionize payments by offering a secure, low-volatility digital currency pegged 1:1 to the UAE dirham. It will support everyday transactions for consumers, businesses, and institutions, as well as emerging technologies like AI and machine-to-machine payments . Built on the ADI blockchain, the stablecoin enhances financial inclusion and positions the UAE as a global fintech leader . This initiative follows the earlier AE Coin and aligns with the UAE’s Digital Dirham strategy, reinforcing its commitment to blockchain innovation .