#AbuDhabiStablecoin Abu Dhabi has launched a new stablecoin project, pegged to the UAE Dirham, marking a significant step in the country's digital finance journey. This initiative is a collaboration between International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB), with the goal of strengthening the UAE's digital infrastructure and financial resilience.

*Key Highlights:*

- *Stablecoin Details*: The stablecoin will operate on the ADI blockchain, be issued by FAB, and regulated by the UAE Central Bank.

- *Usage*: It will cater to consumers, businesses, and institutions, supporting machine-to-machine transactions and AI-driven processes.

- *Benefits*: The stablecoin aims to provide a secure, efficient, and scalable solution for digital transactions, potentially increasing adoption rates and transaction volumes.

- *Market Impact*: This move aligns with the UAE's Digital Assets Strategy, positioning the country as a global leader in digital assets and potentially challenging US dollar-dominated stablecoins.

- *Partnerships*: The ADI Foundation has established partnerships with governments in over 20 countries to expand its blockchain distribution network ¹ ² ³.

*Recent Developments:*

- The stablecoin has been launched and is live on Ethereum and BNB Chain.

- Tether's AED stablecoin is expected to be launched soon.

- Abu Dhabi's move into stablecoins signals growing confidence in crypto's long-term role in the economy ⁴.

*Expert Insights:*

- Syed Basar Shueb, IHC's chief executive, hailed the stablecoin as a transformative leap for digital finance.

- Mohamed Hassan Alsuwaidi, CEO of ADQ, emphasized the project's potential to fortify the UAE's digital infrastructure and financial resilience ¹.