#AbuDhabiStablecoin

Abu Dhabi Launches Dirham-Backed Stablecoin Initiative

Abu Dhabi is stepping into the spotlight of the digital currency world with a groundbreaking stablecoin project. Backed by three of its financial powerhouses—ADQ (a sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC)—this new stablecoin will be pegged to the UAE dirham (AED), offering a secure and stable digital payment solution.

The goal is clear: to enable faster, more secure transactions across retail, remittances, and institutional finance. By leveraging blockchain technology, the stablecoin aims to enhance financial efficiency and transparency both within the UAE and potentially across the wider Gulf region.

This initiative reflects the UAE’s broader ambition to become a global hub for digital assets and blockchain innovation. With a forward-looking regulatory environment and strong institutional backing, Abu Dhabi is positioning itself at the forefront of the next wave in digital finance.

As the project awaits final regulatory approval, all eyes will be on how it evolves and what it means for the future of digital payments in the Middle East.

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