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#AbuDhabiStablecoin The Abu Dhabi stablecoin project represents an important milestone in the digital transformation of the financial sector in the United Arab Emirates (UAE). Three of the country's leading financial institutions — the sovereign fund ADQ, the holding International Holding Company (IHC), and the First Abu Dhabi Bank (FAB) — announced a partnership to launch a new stablecoin backed by the UAE dirham.
Key Features of the Project
Backed by the Dirham: The stablecoin will be fully backed by the national currency, the UAE dirham, ensuring stability and trust for users and investors.
Central Regulation: The project will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE), with FAB acting as the official issuer, subject to final regulatory approval.
ADI Blockchain Technology: The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, a non-profit organization based in Abu Dhabi. This infrastructure is designed to ensure secure and compliant digital transactions, connecting traditional financial systems with next-generation blockchain technology.
Diversified Applications: In addition to facilitating everyday payments for consumers and businesses, the stablecoin is designed to support emerging use cases such as machine-to-machine payments and artificial intelligence-based applications.
Strategic Goals
This project is part of the broader UAE strategy to position itself as a global hub for digital assets and blockchain innovation. By introducing a national stablecoin, the UAE aims to:
Modernize Financial Transactions: Facilitate payments and business both locally and globally, placing the UAE at the forefront of blockchain innovation and strengthening its digital infrastructure.
Promote Financial Inclusion: Enable citizens from emerging countries to participate and operate on a global scale, something that would previously have been impossible.
Key Features of the Project
Backed by the Dirham: The stablecoin will be fully backed by the national currency, the UAE dirham, ensuring stability and trust for users and investors.
Central Regulation: The project will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE), with FAB acting as the official issuer, subject to final regulatory approval.
ADI Blockchain Technology: The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, a non-profit organization based in Abu Dhabi. This infrastructure is designed to ensure secure and compliant digital transactions, connecting traditional financial systems with next-generation blockchain technology.
Diversified Applications: In addition to facilitating everyday payments for consumers and businesses, the stablecoin is designed to support emerging use cases such as machine-to-machine payments and artificial intelligence-based applications.
Strategic Goals
This project is part of the broader UAE strategy to position itself as a global hub for digital assets and blockchain innovation. By introducing a national stablecoin, the UAE aims to:
Modernize Financial Transactions: Facilitate payments and business both locally and globally, placing the UAE at the forefront of blockchain innovation and strengthening its digital infrastructure.
Promote Financial Inclusion: Enable citizens from emerging countries to participate and operate on a global scale, something that would previously have been impossible.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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