Abu Dhabi has recently launched a stablecoin supported by the Dirham (AED), aimed at accelerating the adoption of digital currency in the UAE and optimizing the payment system. The sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) collaborated, with FAB responsible for issuance, regulated by the UAE Central Bank. The stablecoin operates on the ADI blockchain, supporting daily transactions as well as payments between AI and machines, with the intention of enhancing regional financial infrastructure and positioning Abu Dhabi as a global blockchain innovation hub. This move challenges the dominance of the US dollar stablecoin and showcases the UAE's ambitions for a digital economy.