UAE Makes a Bold Move! Dirham Stablecoin Emerges, Potentially Reshaping the Middle Eastern Financial Landscape!

On April 29, 2025, Abu Dhabi made a stunning strike—ADQ, IHC, and First Abu Dhabi Bank (FAB) joined forces to launch a stablecoin regulated by the central bank, pegged 1:1 to the Dirham, igniting the entire Middle Eastern financial circle. This is not just a leap in digital currency, but a key step in the national digital economy strategy.

Unlike most stablecoins globally that rely on opaque asset pools, this Dirham stablecoin is backed by genuine sovereign guarantees, emphasizing transparency, security, and regulatory compliance. This currency will empower cross-border payments, accelerate corporate settlements, optimize remittance processes, and support the rise of Web3 and fintech.

Officials revealed that enterprise-level applications will be launched first, followed by a steady expansion to individual users, ensuring compliance and trust go hand in hand. Analysts unanimously believe this step may allow the UAE to reach the pinnacle of global compliant digital asset centers. Abu Dhabi is truly serious this time!