Abu Dhabi is advancing its digital economy with a dirham-backed stablecoin, announced on April 28, 2025. First Abu Dhabi Bank, alongside the sovereign fund ADQ and conglomerate IHC, is leading the project, which will be launched on the ADI blockchain. Regulated by the UAE Central Bank, this stablecoin aims to enable secure, transparent transactions, positioning the UAE as a fintech leader. The Abu Dhabi Global Market (ADGM) supports such initiatives, fostering a stablecoin ecosystem amid growing demand for digital currencies with low volatility. The project awaits final approval, marking a key step in UAE’s Web3 ambitions.
This stablecoin might interest you as a regulated, low-volatility asset. Its backing by the dirham and focus on secure transactions could appeal to you, especially in the UAE’s growing crypto hub. If you’d like to dive deeper into its blockchain tech or regulatory status, let me know!