#AbuDhabiStablecoin

🇦🇪 Abu Dhabi's State-Backed Stablecoin Initiative

On April 28, 2025, three major Abu Dhabi institutions—ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC)—unveiled plans to launch a stablecoin pegged to the UAE dirham. This digital currency aims to provide a stable and trustworthy medium for digital transactions, backed by the government's support.

🔐 Regulatory Oversight and Infrastructure

The proposed stablecoin will be fully regulated by the Central Bank of the UAE and is set to operate on the ADI blockchain, developed by the ADI Foundation. This infrastructure is designed to support advanced applications, including machine-to-machine transactions and AI-driven processes.

🌍 Implications for the Region

This initiative positions Abu Dhabi at the forefront of financial innovation in the Middle East, potentially encouraging other nations to explore similar blockchain technologies and stablecoin implementations. The move could also enhance the UAE's role as a hub for cutting-edge financial solutions.