#AbuDhabiStablecoin In April 2025, Abu Dhabi announced the launch of a stablecoin backed by the dirham (AED), marking a significant advancement in the integration of digital assets into the economy of the United Arab Emirates. The project is a collaboration between the sovereign fund ADQ, the conglomerate IHC, and the First Abu Dhabi Bank (FAB), the largest bank in the country. The stablecoin will be fully regulated by the Central Bank of the UAE and issued by FAB, subject to regulatory approval. Utilizing the ADI blockchain, the digital currency aims to facilitate payments and everyday transactions for consumers, businesses, and institutions, both locally and globally. This initiative positions the UAE as a leader in the adoption of innovative financial technologies.