#AbuDhabiStablecoin Abu Dhabi's sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC) have partnered to launch a dirham-pegged stablecoin. This digital currency aims to strengthen the UAE's digital infrastructure and position the country at the forefront of global blockchain innovation ¹.

*Key Features:*

- *Backing and Regulation*: The stablecoin will be fully backed by the UAE dirham and regulated by the country's central bank.

- *Blockchain*: It will operate on the ADI blockchain, developed by the ADI Foundation, a nonprofit organization dedicated to advancing blockchain adoption.

- *Use Cases*: The stablecoin is designed to support various transactions, including:

- *Everyday Payments*: Citizens, consumers, businesses, and institutions can use it for daily transactions.

- *Machine-to-Machine Payments*: It will enable secure and efficient transactions between machines.

- *Artificial Intelligence Applications*: The stablecoin will support AI-driven transactions, promoting innovation in the region.

*Benefits:*

- *Secure and Scalable*: The stablecoin will provide a secure, efficient, and scalable solution for the increasingly connected economy.

- *Digital Economy Growth*: It will contribute to the UAE's goal of building a full-fledged digital economy, driving growth and value creation ² ¹ ³.

*Timeline:*

The rollout timeline for the stablecoin is yet to be announced, pending regulatory approval from the Central Bank of the UAE ⁴.