#AbuDhabiStablecoin Abu Dhabi is set to launch a new dirham-backed stablecoin, marking a significant step in the UAE's digital finance evolution. The initiative is a collaboration between First Abu Dhabi Bank (FAB), sovereign wealth fund ADQ, and conglomerate International Holding Company (IHC). The stablecoin will be regulated by the UAE's Central Bank and aims to facilitate secure and efficient transactions for consumers, businesses, and institutions. It will operate on the ADI blockchain, supporting advanced use cases including AI-driven machine-to-machine payments.

This move positions the UAE at the forefront of blockchain innovation, enhancing its digital infrastructure and expanding its role in the global digital economy.