#StablecoinPayments **Abu Dhabi Powerhouses Plan UAE Dirham-Backed Stablecoin**

Three major Abu Dhabi entities—First Abu Dhabi Bank (FAB), sovereign wealth fund ADQ, and conglomerate IHC—are collaborating to launch a UAE dirham-backed stablecoin, pending regulatory approval.

The initiative aims to streamline digital transactions for businesses and consumers, supporting the UAE’s broader strategy to advance its digital economy and solidify its position as a global fintech and innovation hub.

Mohamed Hassan Alsuwaidi, Managing Director and Group CEO of ADQ, emphasized the project’s significance: *“The stablecoin launch represents a pivotal milestone in enhancing the UAE’s digital infrastructure ecosystem.”*

FAB, the UAE’s largest bank by assets, will play a central role in the project alongside ADQ and IHC, reflecting Abu Dhabi’s coordinated push toward financial modernization.

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### Key Improvements:

1. **Stronger Lead**: Opens with a clear, attention-grabbing headline-style statement.

2. **Conciseness**: Removes redundancy (e.g., "modernize transactions" merged into one mention).

3. **Flow**: Logical progression from purpose → strategic alignment → executive quote → entity roles.

4. **Professional Tone**: Formal yet accessible, suitable for business/fintech audiences.