#AbuDhabiStablecoin

Abu Dhabi is set to launch a new UAE dirham-backed stablecoin, AE Coin, marking a significant step in the country's digital finance landscape. Developed by sovereign wealth fund ADQ, conglomerate IHC, and First Abu Dhabi Bank (FAB), the stablecoin aims to provide a reliable digital currency for various applications, including everyday transactions and business operations. Operating on the ADI blockchain, AE Coin will be fully regulated by the UAE Central Bank, ensuring compliance and stability. This initiative aligns with the UAE's vision to become a global hub for digital assets and blockchain innovation .