#AbuDhabiStablecoin

In a strategic move that reflects the UAE's commitment to enhancing its position as a global hub for digital assets, three major institutions in Abu Dhabi—the ADQ sovereign wealth fund, International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—have announced plans to launch a new stablecoin backed by the UAE dirham.

This digital currency, which will be issued on the ADI blockchain network, aims to facilitate daily transactions for both consumers and businesses alike, while supporting advanced use cases such as machine-to-machine payments and applications based on artificial intelligence. It is expected that this currency will be subject to oversight and regulation by the Central Bank of the UAE, enhancing trust in it and ensuring compliance with local regulatory frameworks.

This project reflects the UAE's ambitious vision to develop its digital infrastructure and enhance innovation in the fintech sector, positioning it at the forefront of countries adopting modern technologies in the financial sector.