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Abu Dhabi Unveils Dirham-Backed Stablecoin Project with Major Institutional Support
Abu Dhabi Unveils Dirham-Backed Stablecoin Project with Major Institutional Support
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Abu Dhabi’s financial ecosystem is poised for a digital leap as International Holding Company, ADQ, and First Abu Dhabi Bank (FAB) collaborate on a UAE Central Bank-regulated stablecoin. The dirham-pegged digital asset will operate on the ADI blockchain, targeting consumer, corporate, and institutional payment flows while enabling next-generation use cases like AI-driven settlements.
FAB—the Emirates’ largest bank—will serve as issuer pending final regulatory clearance. The initiative signals growing Middle Eastern institutional conviction in blockchain infrastructure, with the stablecoin designed to bridge traditional finance with emerging machine-to-machine transaction paradigms.
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