#AbuDhabiStablecoin is a new stablecoin backed by the United Arab Emirates dirham (AED), developed by three of Abu Dhabi's leading financial institutions:
ADQ: Sovereign investment fund of the emirate.
First Abu Dhabi Bank (FAB): The largest bank in the MENA region.
International Holding Company (IHC): A conglomerate with global assets valued at over $240 billion.
The goal is to issue a fully regulated stablecoin by the Central Bank of the UAE, using blockchain technology developed locally by the ADI Foundation.
ADQ: Sovereign investment fund of the emirate.
First Abu Dhabi Bank (FAB): The largest bank in the MENA region.
International Holding Company (IHC): A conglomerate with global assets valued at over $240 billion.
The goal is to issue a fully regulated stablecoin by the Central Bank of the UAE, using blockchain technology developed locally by the ADI Foundation.