#AbuDhabiStablecoin

Abu Dhabi is advancing its digital economy with the planned launch of a dirham-backed stablecoin, AE Coin. Spearheaded by ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC), this initiative aims to integrate blockchain technology into everyday transactions, enhancing efficiency and security. The stablecoin will be regulated by the UAE's central bank and operate on the ADI blockchain, supporting applications ranging from consumer payments to AI-driven processes . This move aligns with the UAE's broader strategy to position itself as a global hub for digital assets, fostering innovation and attracting international investment.