On April 28, 2025, Abu Dhabi’s sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) announced plans to launch a dirham-backed stablecoin, pending regulatory approval from the UAE Central Bank. This digital currency aims to enhance secure, efficient transactions across various sectors, including AI and machine-to-machine payments. It will operate on the ADI blockchain, developed by the ADI Foundation to integrate traditional finance with blockchain technology. This initiative underscores the UAE’s commitment to becoming a global leader in digital finance and blockchain innovation.
