On April 28, 2025, Abu Dhabi’s leading institutions—sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC)—announced plans to launch a UAE dirham-backed stablecoin. This digital currency, pending regulatory approval, aims to enhance payment solutions and digital infrastructure, operating on the ADI blockchain.  

The initiative aligns with the UAE’s broader strategy to integrate digital assets into its economy. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has introduced a regulatory framework for fiat-referenced tokens, ensuring stability and investor protection. 

This move positions Abu Dhabi at the forefront of digital currency adoption in the Middle East, potentially setting a precedent for other nations exploring state-backed stablecoins.

#AbuDhabiStablecoin #DigitalDirham #CryptoInnovation #UAEBlockchain