#AbuDhabiStablecoin is a Dirham-backed stablecoin, a collaboration between the International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB). 📈
Built on the ADI blockchain, it provides a scalable solution for the digital economy. ⚙️ The launch aligns with the UAE’s strategy to become a global fintech hub, modernizing financial systems and supporting both businesses and citizens in a rapidly digital world.
Stablecoins like the Abu Dhabi dirham-backed token maintain a 1:1 peg by holding reserves in UAE dirhams, ensuring stability through regular audits and adjustments to reserves if needed. This ensures the token's value remains consistent, offering a reliable digital currency for transactions.
💵 **Abu Dhabi's stablecoin is fully regulated by the UAE Central Bank, the stablecoin aims to enhance digital transactions across sectors like finance, commerce, and trade.** 💵