#AbuDhabiStablecoin

Abu Dhabi is making headlines with the launch of a dirham-backed stablecoin, spearheaded by a powerful trio—First Abu Dhabi Bank (FAB), ADQ, and International Holding Company (IHC). This initiative, tagged under #AbuDhabiStablecoin, is part of the UAE’s broader plan to become a global leader in blockchain-based financial infrastructure. The stablecoin will run on the ADI blockchain and aims to modernize payment systems, enhance cross-border transactions, and support real-time settlement. Pending approval from the Central Bank of the UAE, this project represents a shift toward regulated digital finance in the region. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market has already established a robust framework for fiat-referenced tokens, ensuring transparency, full 1:1 backing with the dirham, and strict auditing standards. With the UAE also welcoming global players like Circle (issuer of USDC), the stablecoin ecosystem is set to thrive.

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