#AbuDhabiStablecoin Abu Dhabi's institutional giants, ADQ (Emirates sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC), have partnered to launch a dirham-pegged stablecoin. This digital currency, pending regulatory approval from the UAE's central bank, aims to strengthen the UAE's digital infrastructure and position the country at the forefront of global blockchain innovation. The stablecoin will operate on the ADI blockchain, created by the ADI Foundation, a nonprofit organization. Key features include ¹ ²:

- *Backing*: Dirham-backed, ensuring stability and reliability

- *Regulation*: Regulated by the UAE Central Bank

- *Usage*: Designed for consumers, businesses, and institutions

- *Blockchain*: Utilizes ADI blockchain for secure and scalable transactions

- *Partnerships*: Collaborations with government entities and financial institutions

This initiative marks a significant step in the UAE's digital economy, promoting secure, efficient, and scalable digital transactions ³.