#AbuDhabiStablecoin

Abu Dhabi is advancing its digital finance initiatives with plans to launch a dirham-backed stablecoin, aiming to bolster the UAE's position as a leader in blockchain innovation. This initiative is a collaboration between three major institutions: ADQ (a sovereign wealth fund), International Holding Company (IHC), and First Abu Dhabi Bank (FAB). The stablecoin will be issued by FAB and regulated by the Central Bank of the UAE, pending final approval. ([Abu Dhabi's IHC, ADQ and FAB to launch dirham-backed stablecoin](https://www.thenationalnews.com/business/money/2025/04/28/abu-dhabis-ihc-adq-and-fab-to-launch-dirham-backed-stablecoin/?utm_source=chatgpt.com), [UAE Stablecoin to Launch Pending Approval From Central Bank](https://coinedition.com/uae-stablecoin-dirham-launch-fab-adi-central-bank-approval/?utm_source=chatgpt.com))

Designed to operate on the ADI blockchain, developed by the ADI Foundation, the stablecoin aims to facilitate a range of applications, including machine-to-machine transactions and AI-driven payments. This move aligns with the UAE's broader strategy to enhance its digital infrastructure and embrace emerging technologies. ([Abu Dhabi institutions plan a dirham-pegged stablecoin](https://dig.watch/updates/abu-dhabi-institutions-plan-a-dirham-pegged-stablecoin?utm_source=chatgpt.com), [Abu Dhabi institutional giants team up for dirham stablecoin](https://cointelegraph.com/news/trio-of-abu-dhabi-institutional-giants-team-up-for-new-bank-backed-stablecoin?utm_source=chatgpt.com))

In parallel, Distributed Technologies Research (DTR), an Abu Dhabi-based company, has launched DRAM, another dirham-pegged stablecoin. DRAM is currently available on decentralized finance platforms like Uniswap and PancakeSwap, providing users with access to a stable digital asset backed by the UAE's currency.