#AbuDhabiStablecoin

Abu Dhabi is launching a dirham-backed stablecoin through a partnership between sovereign wealth fund ADQ, conglomerate IHC, and First Abu Dhabi Bank (FAB), the UAE’s largest bank. Fully regulated by the Central Bank of the UAE, the stablecoin will be issued on the ADI blockchain, developed by the ADI Foundation, which collaborates with over 20 governments. The initiative aims to support consumer payments, business transactions, cross-border remittances, and advanced technologies like AI-driven payments. This move aligns with the UAE’s vision to become a global digital asset hub and signals a deeper investment by Gulf nations in the cryptocurrency sector. It may also influence other countries to explore regulated stablecoin adoption.