#AbuDhabiStablecoin #AbuDhabiStablecoin marks a major leap in the UAE’s digital currency strategy, with Abu Dhabi’s financial giants—ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC)—teaming up to launch a new dirham-backed stablecoin. Announced on April 28, 2025, this initiative aims to provide a secure, blockchain-based digital currency that can be used for everyday transactions by consumers, businesses, and institutions alike. The stablecoin will operate on the ADI blockchain and is set to be regulated by the Central Bank of the UAE, pending final approval.

The project is designed not just for financial transactions but also to support advanced applications like machine-to-machine communication and AI-driven automation. It reflects Abu Dhabi's commitment to becoming a global hub for blockchain innovation and financial technology.

In a parallel development, the DRAM stablecoin—an ERC-20 token launched in October 2023 by Distributed Technologies Research—also uses the UAE dirham as a peg. While DRAM is not currently available in the UAE, it is accessible on DeFi platforms such as Uniswap and PancakeSwap.

Together, these initiatives showcase the UAE’s strategic push into digital finance, setting a benchmark for regulated, state-backed stablecoins with both local utility and global implications.