Abu Dhabi Launches Dirham-Backed Stablecoin to Fuel Digital Asset Growth

Three leading Abu Dhabi organizations — ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB) — are launching a new dirham-backed stablecoin. The initiative, regulated by the UAE Central Bank, aims to accelerate the nation’s ambitious digital economy plans. 1:1 pegged to the UAE dirham, this stablecoin promises secure, transparent, and efficient on-ramp access for businesses and individuals to engage in digital asset transactions within a robust regulatory framework.