#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi launched a stablecoin backed by the Emirati dirham under the name #AbuDhabiStablecoin. This is a joint initiative between the sovereign wealth fund ADQ, the international investment company IHC, and First Abu Dhabi Bank FAB. This currency is fully regulated by the Central Bank of the UAE.

The stablecoin operates on the ADI blockchain, aims to facilitate digital payments, and enhance the digital asset environment in the UAE, as well as support the national strategy to accelerate the growth of the digital economy in the region.