#AbuDhabiStablecoin Abu Dhabi is making significant strides in the stablecoin sector.

Three major Abu Dhabi entities—International Holding Company (IHC), ADQ (a sovereign wealth fund), and First Abu Dhabi Bank (FAB)—have announced plans to launch a new stablecoin backed by the UAE dirham. This digital currency 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. The stablecoin aims to facilitate secure and efficient transactions for consumers, businesses, and institutions, both locally and globally.