#AbuDhabiStablecoin Abu Dhabi is making significant strides in the realm of digital currencies with the introduction of multiple dirham-backed stablecoins, aiming to bolster its position as a global fintech hub.
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🇦🇪 New Dirham-Backed Stablecoin by Abu Dhabi Giants
On April 28, 2025, three major Abu Dhabi entities—ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC)—announced plans to launch a new stablecoin fully backed by the UAE dirham. This initiative is pending regulatory approval from the Central Bank of the UAE.
Key Features:
Regulatory Oversight: The stablecoin will be issued by FAB and fully regulated by the UAE's central bank.
Technological Backbone: It will operate on the ADI blockchain, developed by the non-profit ADI Foundation