#AbuDhabiStablecoin Abu Dhabi's Digital Currency Revolution: AE Coin Set to Transform UAE Finance

✨ Abu Dhabi is boldly stepping into the future of finance with AE Coin, a groundbreaking dirham-backed stablecoin pegged 1:1 to the UAE Dirham. This collaboration between powerhouses ADQ, First Abu Dhabi Bank, and International Holding Company represents more than just digital innovation—it's a declaration of financial sovereignty.

Running on the locally-developed ADI blockchain, AE Coin embodies the UAE's vision of homegrown technological advancement while promising to revolutionize payments, boost financial inclusion, and seamlessly bridge local and global transactions.

Unlike volatile cryptocurrencies, this Central Bank-regulated stablecoin offers stability and security for everyday use, positioning Abu Dhabi as a formidable challenger to Dubai's Web3 dominance and to USD-backed stablecoins globally.

The move comes as Circle also expands its stablecoin services in the region, highlighting the Emirates' emergence as a crypto-friendly oasis.

With its deep pockets and forward-thinking approach, Abu Dhabi isn't just participating in the digital currency race—it's aiming to lead it.