In April 2025, the launch of a new stablecoin backed by the UAE dirham was announced in Abu Dhabi. The project is being implemented in collaboration between three major financial institutions:

• International Holding Company (IHC)

• ADQ (sovereign investment fund)

• First Abu Dhabi Bank (FAB) (the largest bank in the UAE)

Key features of the stablecoin

• Backing: The stablecoin will be fully backed by UAE dirhams and regulated by the Central Bank of the UAE (CBUAE), ensuring its stability and trust from users. 

• Technological platform: The digital currency will operate on the ADI blockchain, developed by the ADI Foundation. This platform provides a secure and scalable infrastructure for digital payments and already has partnerships with the governments of over 20 countries. 

• Application: The stablecoin is intended for a wide range of users — from individuals to businesses and government agencies. It will be used for everyday payments, cross-border transactions, as well as in new digital scenarios such as machine-to-machine interactions and applications utilizing artificial intelligence.