#AbuDhabiStablecoin

#AbuDhabiStablecoin

Abu Dhabi is set to launch a new stablecoin backed by the UAE Dirham (AED), marking a significant step in the nation's digital finance evolution. This initiative is a collaboration between three major institutions: the sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC). The stablecoin will be regulated by the Central Bank of the UAE and will operate on the ADI blockchain, developed by the ADI Foundation. This move aims to enhance digital payments, support emerging technologies like AI and machine-to-machine transactions, and position the UAE as a leader in blockchain innovation .