#AbuDhabiStablecoin

Abu Dhabi is promoting its digital financial ambitions with plans to launch a stablecoin backed by dirhams, fully regulated by the Central Bank of the UAE. Led by major organizations—the International Holding Company (IHC), the Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB)—this initiative aims to enhance secure and efficient digital transactions across various sectors. The stablecoin will operate on the ADI blockchain, developed by the ADI Fund, supporting applications such as machine-to-machine payments and AI-driven processes. This move aligns with the UAE's strategy to position itself as a global leader in digital finance and blockchain technology.