#AbuDhabiStablecoin

Abu Dhabi is poised to launch AE Coin, the United Arab Emirates’ first fully regulated, dirham-backed stablecoin. This initiative is a collaborative effort among three major institutions:

• First Abu Dhabi Bank (FAB): The largest bank in the UAE, responsible for issuing AE Coin.

• ADQ: A sovereign wealth fund focused on critical infrastructure and global supply chains.

• International Holding Company (IHC): A conglomerate with diverse investments, including ties to the ruling family of Abu Dhabi.

AE Coin will operate on the ADI blockchain, developed by the ADI Foundation, a nonprofit organization dedicated to advancing blockchain technology in established financial systems. The stablecoin will be fully regulated by the Central Bank of the UAE (CBUAE) and backed 1:1 by the UAE dirham, ensuring price stability and reducing the volatility commonly associated with cryptocurrencies.