The #AbuDhabiStablecoin is a dirham-backed stablecoin launched by major Abu Dhabi institutions including ADQ (sovereign wealth fund), International Holding Company (IHC), and First Abu Dhabi Bank (FAB). It is fully regulated by the UAE Central Bank and operates on the ADI blockchain. This stablecoin is pegged 1:1 to the UAE dirham and aims to facilitate everyday use by consumers, businesses, and institutions, supporting seamless cross-border transactions and integration into the UAE’s payment systems.

The initiative is part of Abu Dhabi’s broader strategy to accelerate digital asset adoption, enhance financial inclusion, and position the emirate as a global leader in regulated digital finance. The stablecoin also supports machine-to-machine payments and artificial intelligence applications, similar to mechanisms used by USDT and USDC. It is designed to boost investor confidence, drive innovation in digital payments, and strengthen the UAE’s role in the Web3 and fintech ecosystems.

In summary, #AbuDhabiStablecoin represents a government-backed, fully regulated digital currency pegged to the dirham, aiming to modernize payments and promote blockchain innovation in the region.