#AbuDhabiStablecoin New Stage in the Digital Economy of the UAE

A completely new era in the financial sector of the UAE begins with the launch of a stable cryptocurrency pegged to the dirham (AED). Three leading institutions in Abu Dhabi — the sovereign investment fund ADQ, the country's largest bank First Abu Dhabi Bank (FAB), and the investment conglomerate International Holding Company (IHC) — have united to create this stable coin.

🔍 Key Features:

• Pegged to the Dirham: The stable coin will be fully backed by the national currency, ensuring stability and user trust.

• Regulatory Approval: The project will be regulated by the Central Bank of the UAE, guaranteeing compliance with high standards of safety and transparency.

• Technological Foundation: The use of ADI blockchain will ensure efficient and secure transactions, supporting innovative use cases, including machine interaction and artificial intelligence.

This step underscores the UAE's commitment to digital transformation and strengthening its role in the global financial ecosystem.