#AbuDhabiStablecoin Dirham-Backed Stablecoins

1. AE Coin

Launched in December 2024, AE Coin is the UAE's first stablecoin pegged 1:1 to the UAE Dirham (AED). It's fully backed by reserves held within the UAE and operates under the Central Bank's Payment Token Services Regulation, ensuring stringent reserve, security, and transparency requirements. AE Coin aims to enhance financial inclusion by providing a secure and efficient digital payment solution, particularly benefiting the UAE's substantial expatriate community through low-cost, instantaneous remittances.

2. Upcoming Dirham-Pegged Stablecoin by ADQ, FAB, and IHC

On April 28, 2025, Abu Dhabi's sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) announced plans to launch a new dirham-pegged stablecoin. This initiative, pending regulatory approval, will be fully regulated by the Central Bank of the UAE and aims to revolutionize digital payments in the region. The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, which has established partnerships with over 20 governments to extend its compliant network.