#AbuDhabiStablecoin

Abu Dhabi's announcement of the dirham-backed stablecoin, dubbed AbuDhabiStablecoin, signals a major leap forward in the UAE’s digital finance ambitions. Here are the key highlights:

Backed 1:1 by the UAE dirham, offering price stability and regulatory assurance.

Powered by the ADI blockchain, likely a proprietary or national blockchain infrastructure designed for secure, scalable financial operations.

Jointly developed by:

ADQ (sovereign wealth fund)

First Abu Dhabi Bank (FAB) – the UAE’s largest bank

International Holding Company (IHC) – a major investment conglomerate

Regulated by the UAE Central Bank, ensuring full legal and compliance oversight.

Aimed at:

Enhancing cross-border digital payments

Accelerating Web3 adoption within the region

Supporting retail and institutional use cases in digital finance

This move could place Abu Dhabi as a global leader in regulated stablecoin innovation, much like Hong Kong and Singapore’s digital currency pilots.

Would you like to compare this to other