#AbuDhabiStablecoin Abu Dhabi is making significant strides in the stablecoin space. Recently, a consortium of major Abu Dhabi entities, including IHC, FAB, and ADQ, announced plans to launch an AED-backed stablecoin, fully regulated by the UAE Central Bank and operating on the ADI blockchain. This initiative aims to modernize transactions and enhance the UAE's digital economy.

Separately, the Abu Dhabi Global Market (ADGM) has established a regulatory framework for fiat-referenced tokens (FRTs), a type of stablecoin. This framework, introduced by the Financial Services Regulatory Authority (FSRA), focuses on ensuring financial stability and investor protection.

Furthermore, the UAE Central Bank is also progressing with its own digital currency strategy, the "Digital Dirham," with a planned retail launch in Q4 2025. This CBDC aims to improve payment efficiencies and financial inclusion, coexisting with stablecoin initiatives in the region.