#AbuDhabiStablecoin

Abu Dhabi is set to launch a new dirham-backed stablecoin, developed collaboratively by International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB). Pending regulatory approval from the UAE Central Bank, this digital currency aims to enhance payment solutions and support the UAE's digital economy. Operating on the ADI blockchain, the stablecoin is designed to facilitate secure and efficient transactions for consumers, businesses, and institutions, including emerging applications like machine-to-machine payments and AI-driven processes. This initiative aligns with the UAE's broader strategy to become a global leader in digital finance and blockchain innovation.