#AbuDhabiStablecoin Abu Dhabi is taking a significant leap in the digital asset space with the announcement of a new dirham-backed stablecoin. This initiative, spearheaded by Abu Dhabi Developmental Holding Company (ADQ), International Holding Company (IHC), and First Abu Dhabi Bank (FAB), aims to revolutionize transactions within the UAE and beyond. Fully regulated by the Central Bank of the UAE (CBUAE) and issued by FAB, the stablecoin will operate on the ADI blockchain, a technology developed within the UAE.

This move aligns with the UAE's broader digital strategy, including the CBUAE's "Digital Dirham" initiative and the recent unveiling of the digital dirham symbol. The stablecoin is designed to facilitate seamless payments for consumers, businesses, and institutions, while also supporting emerging technologies like machine-to-machine transactions and AI-driven processes. This initiative underscores Abu Dhabi's ambition to become a leading global hub for fintech innovation and to strengthen the UAE's digital financial infrastructure.