#AirdropFinderGuide Abu Dhabi is set to become a hub for stablecoins with the recent announcement of a Dirham-backed stablecoin and regulatory approval for USDC issuer Circle.

A consortium of Abu Dhabi's ADQ sovereign wealth fund, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) will launch a stablecoin pegged to the UAE Dirham. This initiative, fully regulated by the Central Bank of the UAE, aims to revolutionize digital payments domestically and internationally, supporting various users and AI-driven transactions on the ADI blockchain.

Separately, Circle, the issuer of USDC, has received in-principle approval from Abu Dhabi Global Market's Financial Services Regulatory Authority, signaling a move to establish a strong presence in the region's growing on-chain economy. These developments highlight Abu Dhabi's commitment to fostering innovation and strengthening its digital financial infrastructure.