**Abu Dhabi Stablecoin Initiative**
Abu Dhabi is advancing its digital economy with a new dirham-backed stablecoin, a collaboration between sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and conglomerate IHC. Regulated by the UAE Central Bank, the stablecoin aims to enhance payments, trade, and machine-to-machine transactions while reducing reliance on dollar-pegged alternatives . Built on the ADI blockchain—a UAE-developed platform—it prioritizes security, transparency, and compliance . This initiative aligns with the UAE’s strategy to become a global fintech hub, fostering innovation in AI-driven finance and cross-border remittances . Launch is pending regulatory approval, with potential to transform regional digital liquidity .