#AbuDhabiStablecoin Abu Dhabi is promoting its ambitions in digital finance with a plan to launch a dirham-backed stablecoin that is fully regulated by the Central Bank of the UAE. The initiative, led by major organizations — the International Holding Company (IHC), the Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB) — aims to enhance the security and efficiency of 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 management processes using AI. This move aligns with the UAE's strategy to position itself as a global leader in digital finance and blockchain technology.