#AbuDhabiStablecoin Abu Dhabi is advancing its digital finance ambitions with a UAE dirham-backed stablecoin, announced by ADQ, First Abu Dhabi Bank (FAB), and International Holding Company. Fully regulated by the UAE Central Bank, the stablecoin, to be issued by FAB on the ADI blockchain, aims to enhance digital transactions for citizens, businesses, and institutions. This follows the UAE’s launch of AE Coin in December 2024 and a $2 billion investment in Binance. The initiative strengthens the UAE’s position as a fintech leader, promoting secure, efficient payments while challenging U.S. dollar-backed stablecoins’ dominance, amid global shifts toward national digital currencies.