#AbuDhabiStablecoin Abu Dhabi is set to launch a fully regulated, dirham-backed stablecoin through a collaboration between ADQ (sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC). Pending approval from the UAE Central Bank, the stablecoin will be issued by FAB and operate on the ADI blockchain, developed by the ADI Foundation .

Designed for widespread use—including retail payments, business transactions, and AI-driven applications—the stablecoin aims to enhance the UAE's digital infrastructure and position the nation as a leader in blockchain innovation .

This initiative aligns with the UAE's broader strategy to integrate blockchain technology into its financial systems, following the earlier introduction of AE Coin, the country's first dirham-backed stablecoin .

With this move, the UAE continues to strengthen its role in the global digital finance landscape, offering a secure and efficient alternative to traditional payment methods.