FAB Launches Dirham-Backed Stablecoin on ADI Blockchain, Revolutionizing UAE Digital Payments

Abu Dhabi’s largest bank, First Abu Dhabi Bank (FAB), is set to revolutionize the nation’s digital payment landscape with the launch of a dirham-pegged stablecoin. Launching on the ADI blockchain platform, this new token is awaiting final approval from the Central Bank of the UAE (CBUAE). The collaboration between FAB, International Holding Company (IHC), and ADQ aims to enhance digital payments for consumers, businesses, and government entities alike.