#AbuDhabiStablecoin Here's a quick summary of the first Abu Dhabi stablecoin project involving major local institutions:

Dirham-Backed Stablecoin by IHC, ADQ, and FAB (Announced April 2025)

Institutions Involved:

International Holding Company (IHC)

ADQ (Abu Dhabi’s sovereign wealth fund)

First Abu Dhabi Bank (FAB)

Purpose:

To launch a UAE dirham-backed stablecoin, fully regulated by the Central Bank of the UAE.

Technology:

It will operate on the ADI blockchain, designed to support use cases like:

Machine-to-machine payments

Smart city applications

Integration with AI tools

Goal:

To strengthen Abu Dhabi’s digital financial infrastructure and establish it as a global fintech leader.

Would you like a visual breakdown of how this stablecoin system might work or how it compares with other stablecoins?