#AbuDhabiStablecoin Abu Dhabi is launching a dirham-backed stablecoin, developed in partnership with three major UAE institutions: International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB). This stablecoin aims to ¹ ²:
- *Enhance Digital Infrastructure*: Strengthen the UAE's digital economy and position the country as a leader in global fintech innovation.
- *Streamline Payments*: Provide a secure, efficient, and scalable solution for transactions, supporting both everyday and emerging digital scenarios.
- *Support Machine-to-Machine Transactions*: Enable transactions between machines and AI models, signaling a focus on sectors like autonomous finance and the Internet of Things.
The stablecoin will operate on the ADI blockchain, developed