#AbuDhabiStablecoin Abu Dhabi is making significant strides in the stablecoin landscape. A consortium of major Abu Dhabi entities, including ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC), recently announced plans to launch a stablecoin pegged to the UAE Dirham (AED). This stablecoin will be fully regulated by the Central Bank of the UAE (CBUAE) and aims to streamline digital transactions for consumers, businesses, and institutions.

This initiative aligns with the UAE's broader digital currency strategy, including the "Digital Dirham" project. The new stablecoin will operate on the ADI blockchain, a technology developed within the UAE, emphasizing security and transparency. While Dubai has its own virtual asset regulator (VARA), the CBUAE oversees stablecoins backed by the UAE Dirham across the Emirates. This move positions Abu Dhabi and the UAE as early adopters and key players in the evolving global stablecoin market.