In a bold move set to reshape the financial landscape, IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced the launch of a new Dirham-backed stablecoin, fully regulated by the Central Bank of the UAE (CBUAE) and issued by FAB, the nation’s largest bank (pending regulatory approval).
This digital currency marks a significant leap in the UAE’s journey to becoming a global fintech powerhouse, enhancing how payments are made, businesses are run, and economies connect—locally and globally. The stablecoin will serve as a reliable, secure, and verifiable form of digital money, enabling frictionless transactions across borders and sectors.
More than just a financial tool, the stablecoin is built to support emerging digital use cases, from AI-driven systems to machine-to-machine payments, paving the way for a future where identity, governance, and value move seamlessly across the digital landscape.
The technology powering this initiative is the ADI blockchain—a cutting-edge infrastructure developed within the UAE by the ADI Foundation. This platform provides a compliant, scalable, and efficient blockchain ecosystem that bridges traditional banking with next-gen digital solutions. Already partnered with over 20 governments worldwide, the ADI Foundation is known for its mission to create real-world impact through inclusive digital innovation.
This launch is expected to drive transformation across finance, trade, and commerce, offering businesses and individuals alike a new level of transparency, speed, and trust in transactions. It also aligns with the UAE’s broader digital economy strategy, reinforcing the country’s role as a leader in blockchain innovation and financial modernization.
As the world moves toward a decentralized, tech-first financial future, the UAE is not just keeping pace—it’s setting the benchmark.
Accepted cards
