#AbuDhabiStablecoin Abu Dhabi's institutional giants, ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC), have partnered to launch a dirham-pegged stablecoin pending regulatory approval. This initiative aims to position the UAE as a global leader in blockchain innovation and strengthen its digital financial infrastructure.

*Key Features:*

- *Backing and Regulation*: The stablecoin will be fully backed by the Emirati dirham and regulated by the Central Bank of the UAE.

- *Blockchain*: It will operate on the ADI blockchain, developed by the ADI Foundation, a nonprofit organization dedicated to advancing blockchain adoption.

- *Use Cases*: The stablecoin will support various applications, including:

- *Machine-to-Machine Transactions*: Enabling automated payments between devices.

- *Artificial Intelligence Integration*: Facilitating AI-driven transactions.

- *Traditional Financial Transactions*: Serving retail consumers, businesses, and large institutions.

*Partnership Details:*

- *ADQ*: Abu Dhabi's sovereign wealth fund, focused on critical infrastructure and global supply chains.

- *FAB*: The largest bank in the UAE, formed through the merger of First Gulf Bank and National Bank of Abu Dhabi.

- *IHC*: A leading investment firm and conglomerate with ties to Abu Dhabi's ruling family, valued at over $243 billion ¹ ².

This development is part of the UAE's broader efforts to enhance its digital finance ecosystem and promote blockchain adoption ³.