"AbuDhabiStablecoin" generally refers to stablecoin initiatives originating from or regulated within Abu Dhabi, the capital of the UAE, rather than one specific, officially named coin. The Abu Dhabi Global Market (ADGM), a major international financial center, is central to these efforts, having established a comprehensive regulatory framework for digital assets, including stablecoins.
Several financial technology firms operating under ADGM's oversight are developing or have launched stablecoins. These are often designed to maintain a stable value by being pegged 1:1 to fiat currencies, primarily the US Dollar (USD), or potentially the UAE Dirham (AED). The aim is to provide price stability for digital transactions, payments, and decentralized finance (DeFi) applications within a regulated environment, reflecting Abu Dhabi's ambition in digital finance innovation as of April 2025.
As of late April 2025, "AbuDhabiStablecoin" most prominently refers to a major new initiative to launch a UAE Dirham (AED)-backed stablecoin. This project is a collaboration between significant Abu Dhabi entities: International Holding Company (IHC), the sovereign wealth fund ADQ, and First Abu Dhabi Bank (FAB), the UAE's largest bank.
Subject to regulatory approval, the stablecoin will be issued by FAB and fully regulated by the Central Bank of the UAE (CBUAE). It aims to simplify digital payments and business transactions, operating on the locally developed ADI blockchain. This initiative highlights Abu Dhabi's ambition, supported by the regulatory frameworks of the Abu Dhabi Global Market (ADGM), to be a leading global hub for regulated digital finance and blockchain innovation.