#AbuDhabiStablecoin Abu Dhabi has launched a dirham-backed stablecoin, a digital currency pegged to the UAE dirham, to strengthen its digital infrastructure and position itself as a leader in blockchain innovation. This stablecoin, regulated by the UAE Central Bank, will operate on the ADI blockchain and be issued by First Abu Dhabi Bank (FAB). Key features include ¹ ² ³:

- *Backing*: Fully backed by UAE dirhams, ensuring stability and trust.

- *Usage*: Designed for consumers, businesses, and institutions, supporting machine-to-machine transactions and AI-driven processes.

- *Regulation*: Governed by the UAE Central Bank, aligning with the country's digital strategy.

- *Impact*: Expected to have a significant impact on finance, commerce, and trade in the region.

This move is part of the UAE's efforts to build a robust digital financial system ¹.