#AbuDhabiStablecoin

Abu Dhabi is advancing its digital finance goals by introducing a stablecoin pegged to dirhams, which will be fully regulated by the Central Bank of the UAE. The initiative, led by key players such as the International Holding Company (IHC), the Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB), seeks to improve the security and efficiency of digital transactions across various industries. The stablecoin will run on the ADI blockchain, created by the ADI Fund, supporting use cases like machine-to-machine payments and AI-driven processes. This move is part of the UAE’s broader strategy to establish itself as a global leader in digital finance and blockchain technology.