#AbuDhabiStablecoin The UAE is launching a Dirham-backed stablecoin, a digital currency pegged to the UAE Dirham, to boost its digital payments and fintech growth. This initiative is a collaboration between Abu Dhabi's ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB), with FAB issuing the stablecoin and the Central Bank of the UAE regulating it.

*Key Features of the Stablecoin*

- *Regulation*: The stablecoin is fully regulated by the Central Bank of the UAE, ensuring a secure and compliant network.

- *Blockchain*: It will operate on the ADI blockchain, an advanced infrastructure developed domestically by the ADI Foundation.

- *Partnerships*: The ADI Foundation has partnered with over 20 countries to develop a compliant blockchain payments network.

- *Use Cases*: The stablecoin aims to transform local and international payments, facilitating next-generation blockchain-based transactions.

*Benefits and Implications*

- *Digital Economy Growth*: The stablecoin is expected to strengthen the UAE's position as a global leader in blockchain innovation and fintech.

- *Efficient Payments*: It will provide a secure, efficient, and scalable solution for payments, reducing transaction costs and increasing speed.

- *Increased Adoption*: The launch of the stablecoin could drive greater institutional adoption of digital assets and promote real-world utility.

*Timeline*

- *Launch*: The stablecoin is expected to be issued by the last quarter of 2025 for the retail sector .