Abu Dhabi’s Finance Heavyweights Double Down on Crypto—Launching a Stablecoin Play

Oil money meets blockchain: Abu Dhabi’s financial giants are making a calculated bet on crypto’s future—this time with a stablecoin project. Because what’s more stable than petrodollars backing a digital asset?

The move signals deeper institutional embrace of crypto infrastructure—even as traditional finance scoffs. Watch for regulatory chess moves as the UAE solidifies its crypto-hub ambitions.

Bonus jab: Another ‘stable’ asset? Let’s hope it fares better than the algorithmic stablecoins that cratered last cycle.

Stablecoin Project Adds to UAE’s Growing Crypto Credentials

Abu Dhabi’s latest move reflects the UAE’s broader strategy to cement itself as a global hub for digital assets. Already, the government has made headway by enabling crypto payments, introducing digital asset regulations early, and promoting homegrown blockchain ventures.

In December, it took a major step by rolling out its first official stablecoin, AE Coin. Then, last month, local investment group MGX committed $2b to Binance in one of the largest-ever crypto deals.

Looking ahead, the launch partners believe the new stablecoin will strengthen the UAE’s digital infrastructure and position the country at the forefront of global fintech innovation.

UAE’s Fintech Push Expands Into Emerging Sectors Like IoT And AI

H.E. Mohamed Hassan Alsuwaidi, CEO of ADQ, said the initiative “marks a pivotal step in our commitment to strengthening the UAE’s digital infrastructure ecosystem.” He further added that it would offer a secure and scalable solution for the increasingly connected economy.

FAB, the UAE’s largest lender, is expected to issue the stablecoin once it receives regulatory clearance. Meanwhile, Group CEO Hana Al Rostamani described the project as a “ground-breaking development” that could revolutionize trusted blockchain payments across industries. Similarly, Syed Basar Shueb, CEO of IHC, said the venture would open vast opportunities and further drive fintech innovation in the region.

The stablecoin is not only intended for conventional payments. In addition, its design will support machine-to-machine and AI-driven transactions. This shift signals a focus on sectors such as autonomous finance and the Internet of Things.

Guillaume de La Tour, CEO of the ADI Foundation, noted that the blockchain network would enable “secure, transparent, and efficient transactions at scale,” a crucial advantage for economies aiming to digitize sustainably.

With over $225b in assets, ADQ has been leading a flurry of investments to build Abu Dhabi’s digital economy. Now, this latest stablecoin project fits into a broader effort to modernize payment systems. It also supports the goal of diversifying economic pillars and attracting global fintech talent to the Gulf nation.