#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.
- Use: 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.
•Objectives and benefits
- Innovation: The stablecoin aims to drive innovation in the financial sector and promote the use of blockchain technology.
