#AbuDhabiStablecoin

Abu Dhabi is advancing in the world of crypto assets with the launch of a stablecoin backed by dirhams. The initiative is led by First Abu Dhabi Bank (FAB), in partnership with the sovereign fund ADQ and International Holding Company (IHC). The currency will be issued on the ADI blockchain, designed for secure and scalable digital transactions. Regulated by the Central Bank of the United Arab Emirates, the stablecoin aims to strengthen the digital economy and position the country as a global leader in fintech. Furthermore, the initiative challenges the dominance of stablecoins backed by US dollars, promoting greater financial independence. The project is still awaiting regulatory approval, but it promises to revolutionize digital payments and integrate emerging technologies such as IoT and AI.