#AbuDhabiStablecoin Abu Dhabi is making significant strides in the digital currency arena with the introduction of a new dirham-backed stablecoin, backed by three major institutions: ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin, pending regulatory approval, will be fully regulated by the Central Bank of the UAE and issued by FAB. It aims to facilitate seamless digital transactions for consumers, businesses, and institutions, and will operate on the ADI blockchain developed by the ADI Foundation .

In addition to this initiative