The recent launch of a Dirham (AED) backed stablecoin by Abu Dhabi aims to accelerate the adoption of digital currencies in the UAE and optimize the payment system. Sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) have collaborated, with FAB responsible for issuance and regulated by the Central Bank of the UAE. The stablecoin operates on the ADI blockchain, supporting everyday transactions and payments between AI and machines, with the goal of enhancing regional financial infrastructure and promoting Abu Dhabi as a global blockchain innovation hub. This move challenges the dominance of the US dollar stablecoin and demonstrates the UAE's ambition in the digital economy.