#AbuDhabiStablecoin Abu Dhabi is launching a new stablecoin pegged to the UAE dirham, a digital currency aimed at bolstering the country's digital economy and fintech leadership. Here's what you need to know:

Key Features

- *Dirham-Backed*: The stablecoin will be fully backed by the UAE dirham, ensuring its stability and reliability.

- *Regulated*: It will be regulated by the Central Bank of the UAE, providing a secure and trustworthy framework for users.

- *Blockchain*: The stablecoin will operate on the ADI blockchain, a next-generation platform developed by the ADI Foundation.

Benefits

- *Secure Transactions*: The stablecoin will enable secure, transparent, and efficient transactions, supporting emerging technologies like machine-to-machine and AI-driven processes.

- *Digital Infrastructure*: It will strengthen the UAE's digital infrastructure, positioning the country at the forefront of global fintech innovation.

Partnership

The stablecoin project is a collaboration between¹ ²:

- *First Abu Dhabi Bank (FAB)*: The largest bank in the UAE, which will issue the stablecoin pending regulatory approval.

- *ADQ*: Abu Dhabi's sovereign wealth fund, focused on critical infrastructure and global supply chains.

- *International Holding Company (IHC)*: A conglomerate with ties to the ruling family of Abu Dhabi, aiming to drive fintech innovation.

Goals

The new stablecoin aims to³:

- Facilitate payments and business transactions locally and globally

- Provide a reliable digital currency for citizens, businesses, and institutions

- Support emerging digital use cases, such as machine-to-machine and AI transactions

The launch of the stablecoin is expected to cement the UAE's position as a global hub for digital assets and fintech innovation.