#AbuDhabiStablecoin Abu Dhabi is set to introduce a new stablecoin pegged to the UAE dirham, marking a significant step in the nation's digital finance journey. This initiative is a collaboration between the sovereign wealth fund ADQ, conglomerate International Holding Company (IHC), and First Abu Dhabi Bank (FAB), the country's largest bank. The stablecoin will operate on the ADI blockchain and is pending regulatory approval from the UAE Central Bank.

Designed to facilitate secure and efficient digital transactions, the stablecoin aims to support a range of applications, including machine-to-machine interactions and AI-driven processes. This move aligns with the UAE's broader strategy to position itself as a global leader in blockchain innovation and digital economy infrastructure.