#AbuDhabiStablecoin

Abu Dhabi is advancing its digital finance initiatives with the development of a new dirham-backed stablecoin, spearheaded by three major institutions: ADQ (sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin aims to be fully regulated by the Central Bank of the UAE (CBUAE) and will operate on the ADI blockchain, a platform designed to support secure, high-speed digital transactions.