#AbuDhabiStablecoin

Three major institutions in Abu Dhabi—ADQ Sovereign Wealth Fund, International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—have announced plans to launch a new stablecoin backed by the UAE Dirham, as part of enhancing the UAE's position as a global hub for digital assets.

The stablecoin, which will be issued on the ADI blockchain network, aims to facilitate daily transactions for both consumers and businesses, while supporting advanced use cases such as machine-to-machine payments and AI-driven applications. This currency is expected to be subject to the oversight and regulation of the Central Bank of the UAE, which enhances trust in it and ensures compliance with local regulatory frameworks.

This project reflects the UAE's ambitious vision to develop its digital infrastructure and enhance innovation in the fintech sector, positioning it at the forefront of countries adopting modern technologies in the financial sector.