#AbuDhabiStablecoin
In a significant move to bolster its digital economy, Abu Dhabi is set to launch a dirham-backed stablecoin. A collaboration between IHC, ADQ, and First Abu Dhabi Bank (FAB), the stablecoin will be fully regulated by the UAE Central Bank and issued by FAB. This initiative aims to modernize transactions for consumers, businesses, and institutions, operating on the ADI blockchain, a UAE-developed technology.
This stablecoin is designed to be a secure, efficient, and scalable digital currency, fostering blockchain innovation and strengthening the UAE's digital infrastructure. It will support various use cases, including everyday payments and emerging Al-driven transactions. This development aligns with the UAE's vision of becoming a leading global fintech hub.
