#AbuDhabiStablecoin

Abu Dhabi is advancing its digital finance landscape with the introduction of a dirham-pegged stablecoin. Spearheaded by First Abu Dhabi Bank (FAB), in collaboration with the sovereign wealth fund ADQ and International Holding Company (IHC), this initiative aims to launch a stablecoin fully backed by the UAE dirham and regulated by the Central Bank of the UAE (CBUAE) .

Abu Dhabi institutional giants team up for dirham stablecoin, UAE’s First Regulated Stablecoin to Be Issued by First Abu Dhabi Bank .

The stablecoin will operate on the ADI blockchain, a platform developed to support compliant and secure payment solutions . Its primary objectives include facilitating both domestic and international transactions, enhancing financial inclusion, and supporting emerging digital use cases such as machine-to-machine and AI-driven payments. UAE’s First Regulated Stablecoin to Be Issued by First Abu Dhabi Bank, UAE ready for the launch of the new stablecoin pegged to the Dirham .

This move aligns with the UAE's broader strategy to position itself as a global hub for digital assets and blockchain innovation. By integrating traditional financial institutions with cutting-edge technology, Abu Dhabi is setting a precedent for the adoption of regulated digital currencies in the region. Crypto exchange Binance gets $2 bln investment from Abu Dhabi's MGX .