#AbuDhabiStablecoin Abu Dhabi is promoting its cryptocurrency strategy with plans for a new dirham-backed stablecoin, announced on April 28, 2025, by ADQ (sovereign fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin, fully regulated by the Central Bank of the UAE, will operate on the ADI blockchain and aims to simplify digital payments and enhance the UAE's digital asset ecosystem. This follows the launch of the UAE AE Coin, the first dirham-backed stablecoin, in December 2024, as part of the Central Bank's 'Digital Dirham' strategy initiated in March 2023. Crypto-friendly regulations in the UAE, including the recognition of stablecoins such as USDT from Tether and USDC from Circle, as well as a $2 billion investment from Abu Dhabi's MGX in Binance in March 2025, underscore its ambitions to become a global crypto hub.