#AbuDhabiStablecoin

Abu Dhabi is advancing its digital economy with the planned launch of a dirham-backed stablecoin, AE Coin. This initiative is a collaboration between ADQ (sovereign wealth fund), First Abu Dhabi Bank (FAB), and International Holding Company (IHC), aiming to enhance financial inclusion and streamline digital transactions . Fully regulated by the UAE Central Bank, AE Coin is designed for everyday use, including AI-driven and machine-to-machine payments . This move underscores the UAE’s commitment to becoming a global fintech hub, leveraging blockchain to modernize its financial infrastructure and promote innovation.