#AbuDhabiStablecoin Abu Dhabi has announced the launch of a new stablecoin backed by the UAE dirham, marking a significant step in the integration of blockchain technology into the country's financial system. ([FAB, IHC, and ADQ Unveil UAE’s First Fully Regulated Dirham Stablecoin](https://techafricanews.com/2025/04/29/fab-ihc-and-adq-unveil-uaes-first-fully-regulated-dirham-stablecoin/?utm_source=chatgpt.com))
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### 🏦 Launch of Dirham Stablecoin by Abu Dhabi
Three major institutions in Abu Dhabi—International Holding Company (IHC), ADQ (sovereign wealth fund), and First Abu Dhabi Bank (FAB)—have collaborated to launch a stablecoin fully backed by the UAE dirham. This stablecoin will be fully regulated by the Central Bank of the UAE (CBUAE) and will be issued by FAB, pending regulatory approval. ([Abu Dhabi institutional giants team up for dirham stablecoin](https://cointelegraph.com/news/trio-of-abu-dhabi-institutional-giants-team-up-for-new-bank-backed-stablecoin?utm_source=chatgpt.com), [FAB, IHC, and ADQ Unveil UAE’s First Fully Regulated Dirham Stablecoin](https://techafricanews.com/2025/04/29/fab-ihc-and-adq-unveil-uaes-first-fully-regulated-dirham-stablecoin/?utm_source=chatgpt.com))
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### 🔧 Technology and Infrastructure
This stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, a non-profit organization aimed at connecting traditional financial systems with next-generation blockchain technology. This blockchain is designed to support secure, efficient, and scalable digital payments, as well as applications like machine-to-machine transactions and artificial intelligence. ([Abu Dhabi institutional giants team up for dirham stablecoin](https://cointelegraph.com/news/trio-of-abu-dhabi-institutional-giants-team-up-for-new-bank-backed-stablecoin?utm_source=chatgpt.com), [FAB, IHC, and ADQ Unveil UAE’s First Fully Regulated Dirham Stablecoin