#AbuDhabiStablecoin

Abu Dhabi is making major moves in the digital finance space with the launch of a new UAE dirham-backed stablecoin. This initiative is being driven by three major players: International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB). The goal is to strengthen the UAE’s leadership in blockchain innovation and digital infrastructure through a fully regulated, locally backed digital currency.

The stablecoin, which will be issued by FAB and regulated by the Central Bank of the UAE, is expected to simplify both local and international payments. It will operate on the ADI blockchain, a platform built to bridge traditional finance with cutting-edge blockchain tech. This is not the first time the UAE has embraced stablecoins — in late 2024, AE Coin became the first dirham-pegged stablecoin to receive final approval from the Central Bank, backed entirely by reserves within the country.

Adding to this momentum, the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) introduced a regulatory framework specifically for fiat-referenced tokens. This ensures that the ecosystem for stablecoins in the UAE remains secure, compliant, and investor-friendly.

These coordinated steps highlight the UAE’s commitment to shaping a future-ready digital economy.

#AbuDhabiStablecoin