#AbuDhabiStablecoin

Abu Dhabi is advancing its digital currency landscape with a new UAE dirham-backed stablecoin, announced on April 28, 2025, by three major institutions: sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC). This stablecoin, fully regulated by the UAE Central Bank and issued by FAB on the ADI blockchain, aims to enhance digital infrastructure, streamline payments, and support use cases like machine-to-machine transactions and AI. Pending regulatory approval, it will bolster UAE’s fintech ambitions, following the launch of AE Coin in December 2024, another dirham-backed stablecoin.