In April 2025, it was announced in Abu Dhabi about the launch of a new stable token pegged to the UAE dirham (AED), which is an important step in the development of the region's digital economy. 

⸻

🏦 New stable token from FAB, ADQ, and IHC

Three leading institutions in Abu Dhabi — First Abu Dhabi Bank (FAB), ADQ (sovereign investment fund), and International Holding Company (IHC) — have joined forces to create a stable token backed by the dirham. This token will be fully regulated by the Central Bank of the UAE and issued by FAB after obtaining the necessary approvals.  

• Technological foundation: The token will operate on the ADI blockchain, developed by the ADI Foundation — a non-profit organization that promotes the implementation of blockchain technologies in financial systems. 

• Purpose: To provide secure, efficient, and scalable digital payments for consumers, businesses, and government agencies, as well as to support innovative use cases such as machine-to-machine transactions and artificial intelligence.