Abu Dhabi has announced plans to launch a new dirham backed stable coin , marking a significant advancement in UAE's digital finance sector . This initiative is a collaboration between three major entities:the sovereign wealth fund ADQ, First Abu Dhabi bank (FAB)and international holding company ( IHC). The stable coin will be fully regulated by the Central Bank of UAE and is intended to trade on the ADI block chain, pending regulatory approval . Introduction of this stable coin aims to modernize financial transactions across various sectors . This move aligns UAE's broader strategy to position itself as a global hub for Fintech and block chain innovation, thus enhancing it's digital infrustructure #AbuDhabiStablecoin