#AbuDhabiStablecoin

Abu Dhabi Stablecoin refers to the growing interest and initiatives in Abu Dhabi related to stablecoins. Recently, prominent entities such as IHC, ADQ, and First Abu Dhabi Bank (FAB) announced plans to launch a new stablecoin backed by the Emirati dirham (AED). This digital currency will be fully regulated by the Central Bank of the UAE and will operate on the ADI blockchain, seeking to revolutionize payments at both local and global levels.

This project adds to Abu Dhabi's efforts to position itself as a leading fintech hub. The Abu Dhabi Global Market (ADGM) already has a regulatory framework for virtual assets and has welcomed stablecoin companies like Tether (USDT). The new AED-backed stablecoin aims to facilitate secure and verifiable payments, benefiting citizens, businesses, and institutions, as well as driving emerging digital use cases. This launch is expected to have a significant impact on finance, trade, and the digital economy of the UAE.