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UAE’s FAB Bank and ADQ to Launch AED Stablecoin on ADI Blockchain
UAE’s FAB Bank and ADQ to Launch AED Stablecoin on ADI Blockchain
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First Abu Dhabi Bank (FAB) and sovereign wealth fund ADQ are collaborating to introduce an AED-pegged stablecoin, designed to streamline both local and international payments. The stablecoin will be issued by FAB and built on the ADI blockchain, a UAE-developed network by the ADI Foundation.
The initiative aims to revolutionize digital payments by enabling seamless transactions in a world where identity, governance, and value Flow securely and verifiably. Emerging use cases like machine-to-machine payments and AI-driven transactions will also be supported.
Hana Al Rostamani, Group CEO of FAB, emphasized the transformative potential of the stablecoin across industries, calling it a game-changer for blockchain-based payments in the UAE.
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