#AbuDhabiStablecoin Abu Dhabi is making significant strides in the realm of stablecoins, demonstrating a clear commitment to fostering innovation within a well-regulated digital asset environment. Here's a breakdown of the key developments:

Dirham-Pegged Stablecoin Initiatives:

* Major Institutional Collaboration: On April 28, 2025, three prominent Abu Dhabi entities – Abu Dhabi Developmental Holding Company (ADQ), International Holding Company (IHC), and First Abu Dhabi Bank (FAB) – announced their collaboration to launch a new stablecoin pegged to the UAE Dirham.

* Central Bank Regulation: This dirham-backed stablecoin will operate under the full supervision and regulation of the Central Bank of the UAE (CBUAE). This underscores the commitment to ensuring the stability and security of the digital currency.

* ADI Blockchain Infrastructure: The stablecoin will function on the ADI blockchain, a digital infrastructure developed within the UAE by the ADI Foundation. This foundation has established partnerships with over 20 countries, suggesting a vision for broader interoperability.

* Issuance and Usage: First Abu Dhabi Bank (FAB), the largest bank in the UAE, will be responsible for issuing the stablecoin, pending regulatory approval. Its use is intended to span across consumers, businesses, and institutions, streamlining transactions both locally and globally.

* Advanced Use Cases: Beyond traditional payments, the stablecoin is designed to support emerging digital applications such as machine-to-machine transactions and processes driven by artificial intelligence.