#AbuDhabiStablecoin #AbuDhabiStablecoin

Abu Dhabi is advancing its digital finance ambitions with plans to launch a dirham-backed stablecoin, fully regulated by the UAE Central Bank. Spearheaded by major institutions—International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB)—this initiative aims to enhance secure and efficient digital transactions across various sectors. The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, supporting applications like machine-to-machine payments and AI-driven processes. This move aligns with the UAE’s strategy to position itself as a global leader in digital finance and blockchain technology.