#AbuDhabiStablecoin Abu Dhabi's stablecoin initiative is a collaboration between major institutions, including ADQ, First Abu Dhabi Bank (FAB), and the International Holding Company (IHC). Here's what you need to know ¹ ²:

- *Dirham-Pegged Stablecoin*: The stablecoin will be backed by the UAE dirham and regulated by the UAE's central bank, ensuring a stable digital asset for transactions.

- *Blockchain Technology*: It will operate on the ADI blockchain, developed by the ADI Foundation, a nonprofit organization focused on advancing blockchain adoption in financial systems.

- *Use Cases*: The stablecoin aims to support various applications, including:

- *Machine-to-Machine Transactions*: Enabling seamless transactions between devices.

- *Artificial Intelligence*: Facilitating AI-driven processes.

- *Everyday Scenarios*: Citizens, businesses, and institutions can use the stablecoin for everyday transactions.

- *Regulatory Framework*: The UAE Central Bank has introduced regulations for stablecoins, creating a clear operational framework for the sector.

- *Impact*: The stablecoin is expected to have a significant impact on finance, commerce, and trade, driving innovation and growth in the UAE's digital economy.

Key players involved ³:

- *ADQ*: Abu Dhabi's sovereign wealth fund, focused on critical infrastructure and global supply chains.

- *First Abu Dhabi Bank (FAB)*: The UAE's largest bank, which will issue the stablecoin pending regulatory approval.

- *International Holding Company (IHC)*: A conglomerate with ties to the ruling family of Abu Dhabi, bringing expertise in blockchain and fintech.