#AbuDhabiStablecoin

It is a new project aimed at launching a stablecoin backed by the UAE Dirham, led by three key institutions in Abu Dhabi: **ADQ Sovereign Wealth Fund**, **First Abu Dhabi Bank (FAB)**, and **International Holding Company (IHC)**. The currency will be regulated by the **Central Bank of the UAE** and will operate on locally developed **ADI Blockchain** technology.

Project Goals:

- Enhance digital infrastructure: Provide a reliable and secure payment method for citizens and businesses.

- Support the digital economy: Facilitate daily and emerging digital transactions.

- Innovation in financial technology: Open new horizons for the uses of artificial intelligence and the Internet of Things.

Expected Impact:

- Enhance the UAE's position: The project reflects the UAE's strategy to become a global hub for digital assets.

- **Support various sectors**: From trade to finance, many industries will benefit from this stablecoin.

Do you think this project will change the landscape of digital currencies in the region? 🚀