#AbuDhabiStablecoin Abu Dhabi is working on the launch of a stablecoin linked to the dirham, the official currency of the United Arab Emirates. This initiative aims to position the country as a leader in blockchain innovation and strengthen its digital infrastructure.
*Key details of the stablecoin*
- *Regulation*: The stablecoin will be regulated by the Central Bank of the United Arab Emirates.
- *Backing*: It will be backed by the dirham, ensuring its stability and value.
- *Usage*: The stablecoin is expected to be used in a wide range of daily scenarios, including payments and commercial transactions.
- *Technology*: The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, a non-profit organization dedicated to promoting the adoption of blockchain technology.
*Goals and benefits*
- *Innovation*: The stablecoin aims to drive innovation in the financial sector and promote the use of blockchain technology.