The post Abu Dhabi Giants Plan New Dirham Stablecoin for Digital Growth appeared on BitcoinEthereumNews.com.

Three Abu Dhabi giants are launching a fully regulated dirham-backed stablecoin under the UAE Central Bank’s oversight. The Dirham stablecoin will operate on ADI blockchain, supporting daily transactions, machine-to-machine use, and AI applications. Abu Dhabi is making another breakthrough in the world of digital finance. Three major institutions, the International Holding Company (IHC), Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank (FAB), have just announced plans to launch a Dirham-based stablecoin. This stablecoin will be directly supervised by the Central Bank of the United Arab Emirates (CBUAE), with its official issuance awaiting the final regulatory green light. Furthermore, this stablecoin is expected to be a stable and secure digital transaction tool, from everyday payments to large-scale transactions between businesses. In fact, there is another interesting ambition: this stablecoin is also designed to support payments between machines and artificial intelligence applications. Just imagine if your coffee machine could one day pay for its maintenance without human intervention. That is one of the scenarios they have prepared. Today, IHC, alongside @Adq_Official and First Abu Dhabi Bank @FABConnects, announced plans to launch a new Dirham-backed stablecoin, which will be fully regulated by the Central Bank of the UAE and issued by FAB. The new #stablecoin will transform payments and business… pic.twitter.com/gWnVjX0LoC — IHC (@ihc__official) April 28, 2025 Building the Bridge Between Traditional Finance and Blockchain This stablecoin will operate on the ADI blockchain, a platform developed by the ADI Foundation in the UAE. The ADI blockchain aims to connect the traditional financial system with the next-generation blockchain world, offering a secure and legally compliant transaction path. Not only that, the ADI Foundation has collaborated with more than 20 countries to encourage the digitalization of their finances. On the other hand, CNF previously reported that the State of Wisconsin Investment Board…

---

Filed under: News - @ April 29, 2025 9:24 am