#AbuDhabiStablecoin Dhabi is set to launch a groundbreaking stablecoin pegged to the UAE dirham, marking a significant stride in the nation’s digital finance landscape. This initiative is a collaboration between three major entities: ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). The stablecoin will be regulated by the Central Bank of the UAE and is designed to operate on the ADI blockchain, developed by the ADI Foundation.

The digital dirham aims to enhance transaction efficiency, support AI-driven applications, and facilitate machine-to-machine payments. It is envisioned to serve a wide range of users, including consumers, businesses, and institutions, both locally and globally.