#AbuDhabiStablecoin As of Tuesday, April 29, 2025, Abu Dhabi is actively developing its stablecoin ecosystem with a strong regulatory focus.

The Abu Dhabi Global Market (ADGM) has established a framework for "Fiat-Referenced Tokens" (FRTs), emphasizing 100% reserves in fiat currency, regular audits, and prohibiting algorithmic stablecoins.

In a significant move, Abu Dhabi entities IHC, ADQ, and First Abu Dhabi Bank (FAB) announced plans for a new stablecoin fully backed by the UAE Dirham. This initiative, awaiting regulatory approval from the Central Bank of the UAE (CBUAE), aims to revolutionize payments on the ADI blockchain, a UAE-developed technology.

This Dirham-backed stablecoin seeks to enhance payment solutions for individuals, businesses, and institutions, supporting emerging digital applications and strengthening the UAE's position as a leading fintech hub.