Abu Dhabi Embarks on Stablecoin Project to Drive Secure & Scalable Digital Economy

Abu Dhabi’s initiative aims to establish a secure and scalable digital economy through the launch of a stablecoin backed by the UAE dirham. This project will see IHC, ADQ, and FAB collaborate on the development of a regulated digital currency powered by the ADI blockchain platform. The stablecoin will enable AI-driven and machine-to-machine payments across various sectors, from individuals to businesses.