Recently, there have been significant cryptocurrency developments in Abu Dhabi. The sovereign wealth fund ADQ, the corporate group IHC, and First Abu Dhabi Bank (FAB) announced plans to launch a dirham-backed stablecoin. This stablecoin will be fully regulated by the Central Bank of the UAE, operate on the adi blockchain, and provide reliable payment solutions for everyday and emerging digital scenarios, supporting the development of the UAE's digital economy.