#AbuDhabiStablecoin

Abu Dhabi is pushing its digital financial ambitions with plans to launch a stablecoin backed by dirham, fully managed by the Central Bank of the UAE. Led by major institutions—the International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB)—this initiative aims to enhance secure and efficient digital transactions across various sectors. The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, supporting applications such as machine-to-machine payments and AI-driven control processes. This move aligns with the UAE's strategy to position itself as a global leader in digital finance and blockchain technology.