Abu Dhabi is poised to make a bold leap in its digital finance ambitions with the imminent launch of a dirham-backed stablecoin, fully regulated by the UAE Central Bank. This initiative, spearheaded by leading institutions such as the International Holding Company (IHC), the Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB), is set to revolutionize secure and efficient digital transactions across diverse sectors. The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, enabling advanced applications like machine-to-machine payments and AI-driven processes. This decisive move reinforces the UAE’s commitment to positioning itself as a dominant global leader in digital finance and blockchain technology.
