#AbuDhabiStablecoin

On April 28, 2025, three major Abu Dhabi institutions—International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB)—announced plans to launch a UAE dirham-backed stablecoin, marking a significant step in the nation’s digital finance evolution. This initiative, pending regulatory approval, will be fully overseen by the Central Bank of the UAE (CBUAE) and aims to position the UAE as a leader in blockchain innovation .