#AbuDhabiStablecoin

Abu Dhabi is advancing in its digital finance ambitions with plans to launch a stablecoin backed by dirhams, fully regulated by the Central Bank of the UAE. Led 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 such as machine-to-machine payments and processes driven by artificial intelligence. This move aligns with the UAE's strategy to position itself as a global leader in digital finance and blockchain technology.