#AbuDhabiStablecoin AbuDhabiStablecoin **Abu Dhabi's Dirham-Backed Stablecoin Initiative: Key Developments**

Abu Dhabi is accelerating its position as a global leader in digital finance with the launch of a UAE dirham (AED)-backed stablecoin, developed through a collaboration between major institutions. Here’s an in-depth analysis of the project and its broader implications:

---

### **1. Strategic Partnerships and Regulatory Framework**

- **Key Players**: Abu Dhabi’s sovereign wealth fund **ADQ**, conglomerate **IHC**, and **First Abu Dhabi Bank (FAB)** are leading the initiative. The stablecoin will be issued by FAB and regulated by the UAE Central Bank (CBUAE).