#AbuDhabiStablecoin Abu Dhabi's stablecoin project is a collaboration between three major institutions: ADQ (Abu Dhabi's sovereign wealth fund), First Abu Dhabi Bank (FAB), and the International Holding Company (IHC). Here's what you need to know about the dirham-pegged stablecoin ¹:

- *Purpose*: The stablecoin aims to strengthen the UAE's digital infrastructure, advance global fintech leadership, and provide a trusted means of payment for citizens, businesses, and institutions.

- *Regulation*: The stablecoin will be regulated by the UAE's central bank and backed by the dirham, ensuring stability and compliance.

- *Blockchain*: It will operate on the ADI blockchain, developed domestically by the ADI Foundation, supporting secure, transparent, and efficient transactions.

- *Use Cases*: The stablecoin is designed for everyday transactions, machine-to-machine interactions, and artificial intelligence-driven applications.

- *Potential Impact*: This initiative could position the UAE at the forefront of global fintech innovation, driving growth and value creation in the digital economy.

The launch of the stablecoin is pending regulatory approval from the UAE Central Bank. Once approved, FAB will issue the stablecoin, which is expected to be used in various sectors, including finance, commerce, and enterprise business practices