#AbuDhabiStablecoin

Under the name #AbuDhabiStablecoin, it is a joint initiative between the sovereign wealth fund ADQ, the international investment company IHC, and First Abu Dhabi Bank FAB, and this currency is fully regulated by the Central Bank of the UAE.

The stablecoin operates on the ADI blockchain and aims to facilitate digital payments and enhance the digital assets environment in the UAE, as well as support the national strategy to accelerate the growth of the digital economy in the region.

The currency is backed at a 1:1 ratio by the UAE Dirham, ensuring the stability of its value, and it is part of the UAE's efforts to become a global hub for innovation in digital currencies and financial technology, with full commitment to local financial regulations.

In short, #AbuDhabiStablecoin represents a strategic step to enhance digital payments, facilitate cross-border transactions, and support the growth of the digital economy in the UAE.