#AbuDhabiStablecoin #AbuDhabiStablecoin

Abu Dhabi #AbuDhabiStablecoin has announced the launch of a new stablecoin backed by the UAE Dirham, in a move aimed at enhancing the digital economy in the region. This project is the result of collaboration between three key institutions: Abu Dhabi's sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holdings Company (IHC). This stablecoin will be regulated by the Central Bank of the United Arab Emirates, ensuring its stability and reliability in the volatile world of digital currencies.

The aim of this currency is to facilitate cross-border payments, as well as to support AI-based transactions and machine-to-machine exchanges. It will be powered by an advanced blockchain technology known as ADI, which has been developed locally to ensure security and transparency. This project reflects Abu Dhabi's commitment to enhancing its digital infrastructure, positioning it at the forefront of global financial innovation.