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Abu Dhabi’s Financial Titans Step Up Crypto Push With Stablecoin Project
Abu Dhabi’s Financial Titans Step Up Crypto Push With Stablecoin Project
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Abu Dhabi is accelerating its digital asset ambitions with three major institutions—ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB)—collaborating to launch a dirham-backed stablecoin. The project, under UAE central bank oversight, will leverage the domestically developed ADI blockchain.
The stablecoin aims to serve as a trusted payment method for citizens, businesses, and institutions, facilitating transactions in both everyday and emerging digital scenarios. This initiative underscores Abu Dhabi’s strategic pivot toward blockchain-based financial infrastructure.
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