#AbuDhabiStablecoin
Abu Dhabi is stepping into the stablecoin space as three major financial players — ADQ, International Holding Company (IHC), and First Abu Dhabi Bank — join forces to launch a dirham-backed stablecoin. This initiative, overseen by the UAE Central Bank, aims to create a secure, fast, and regulation-compliant digital payment solution suitable for daily use across retail, business, and government sectors. The stablecoin will operate on a local blockchain, designed to offer transparency, efficiency, and robust regulatory oversight. This move positions Abu Dhabi as a forward-thinking hub in the global digital finance landscape, embracing innovation while ensuring financial stability.
