🚨🚨JUST IN🏛️: Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank (FAB) have jointly announced the launch of a Dirham-backed stablecoin, fully regulated by the Central Bank of the UAE and issued by FAB. The initiative marks a significant milestone in the UAE’s digital asset strategy, aiming to strengthen its global leadership in fintech and blockchain innovation.
According to IHC, the stablecoin will transform local and international payments, providing a secure and compliant network through the ADI blockchain — an advanced infrastructure developed domestically by the ADI Foundation. It’s designed to facilitate next-generation blockchain-based transactions.
Syed Basar Shueb, CEO of IHC, described the development as a “major breakthrough” in digital currency innovation. He emphasized IHC’s role in pioneering blockchain solutions and highlighted the organisation’s commitment to working with partners to harness fintech potential and drive innovation across the UAE.
