#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi has announced a major new initiative in the crypto space with the upcoming launch of a dirham-backed stablecoin, provisionally called "AbuDhabiStablecoin." This project is a collaboration between three of the UAE’s most prominent institutions: the sovereign wealth fund ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB), the country’s largest bank. The stablecoin will be fully regulated by the Central Bank of the UAE and issued by FAB, pending final regulatory approval

This new stablecoin is designed to provide a secure, efficient, and scalable digital currency for everyday use by individuals, businesses, and institutions. It will operate on the ADI blockchain, a technology developed in the UAE, and aims to support advanced use cases such as AI-driven and machine-to-machine transactions The initiative is part of Abu Dhabi’s broader strategy to establish itself as a global hub for digital assets and blockchain innovation, further strengthening the UAE’s digital infrastructure and financial ecosystem The launch is expected to revolutionize payments and boost confidence in digital assets across the region.