#AbuDhabiStablecoin Major institutions in Abu Dhabi, including sovereign wealth fund ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB), have announced plans to launch a stablecoin pegged to the UAE dirham. This digital currency will be fully regulated by the UAE Central Bank and issued by FAB, pending final approval. Operating on the ADI blockchain, the stablecoin aims to provide a stable medium for digital transactions, supporting use cases for consumers, businesses, and institutions, including emerging areas like machine-to-machine communication and AI applications. The initiative underscores Abu Dhabi's push to enhance its digital infrastructure and position the UAE as a leader in the digital asset space.