#AbuDhabiStablecoin Abu Dhabi is advancing its digital finance ambitions with a new Dirham-backed stablecoin initiative.

Spearheaded by ADQ, IHC, and First Abu Dhabi Bank, this stablecoin will be fully regulated by the UAE Central Bank. The project aims to provide a secure, government-backed digital currency for everyday transactions, enhancing trust and utility in the region's crypto ecosystem. This move aligns with the UAE's broader strategy to position itself as a global leader in blockchain innovation and digital asset adoption. The stablecoin is expected to operate on the ADI blockchain, supporting seamless digital payments for citizens, businesses, and institutions.