Abu Dhabi Trio Launches Regulated Dirham Stablecoin to Bolster UAE’s Fintech Ambitions
Abu Dhabi’s International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) have unveiled a central bank-regulated dirham stablecoin, marking a strategic leap in the UAE’s fintech evolution. The blockchain-based solution targets payment modernization while mitigating crypto volatility risks inherent in unpegged digital assets.
Operating on the ADI blockchain with Mastercard’s participation, the initiative positions the UAE as a regional leader in institutional-grade digital currency infrastructure. The stablecoin’s design prioritizes enterprise adoption, with planned support for machine-to-machine transactions and AI-driven use cases.