In April 2025, Abu Dhabi announced the launch of a new stablecoin backed by the UAE dirham. The project is carried out in collaboration with three major financial institutions:

• International Holding Company (IHC)

• ADQ (national investment fund)

• First Abu Dhabi Bank (FAB) (the largest bank in the UAE)

Key features of the stablecoin

• Backing: The stablecoin will be fully backed by the UAE dirham and managed by the Central Bank of the UAE (CBUAE), ensuring stability and trust from users. 

• Technology platform: The digital currency will operate on the ADI blockchain, developed by the ADI Fund. This platform provides a secure and scalable infrastructure for digital transactions and has partnered with the governments of over 20 countries. 

• Application: The stablecoin is designed for a wide range of users — from individuals to businesses and government agencies. It will be used for everyday payment transactions, cross-border trading, as well as in new digital scenarios, such as interactions between machines and applications using artificial intelligence.