In the world of cryptocurrency and digital finance, where USDT and USDC are dominated by us Greenback-Based Totally StableCoins, now other countries are also active towards promoting their currency-based digital assets. In this series, three major institutions of Abu Dhabi – ADQ (Independent Wealth Charity), First Abu Dhabi Storagefacility (FAB) and World Preserving Corporate (IHC) have planned to launch a new Dirham -Pegged StableCoin. The purpose of this initiative is to make UAE a leader in global blockchain innovation and strengthen digital infrastructure. What are stablecoins Click on the link given to know about this in detail.
Large institutions involved in partnership
This partnership of ADQ, FAB and IHC is a clear indication of Abu Dhabi’s financial strength and digital strategy.
Adq, This Sovereign Wealth Fund was established in 2018 and its focus is on infrastructure and global supply chains.
Fab, UAE’s largest bank, made up of two major banks merger in 2017.
IHC, There is a large investment group with a market value of more than $ 243 billion and also has a connection with Abu Dhabi’s Royal Family.
Characteristics of Stablecoin
This new stablecoin will be completely connected to UAE’s local currency, Dirham and will be regulated by UAE’s Central Storagefacility. Its purpose is not only to bring stability, but also to support emerging use cases like machine-to-machine (M2M) transaction and artificial intelligence (AI).
Technology based on Adi Blockchain
If it gets a regulatory approval, it will operate on StableCoin Adi Blockchain, developed by ADI BOTTOM. This is a non-profit organization that traditional financial system and governments Blockchain era Helps adopt.
Global Perspective: Dollar Dominance Challenge
While the market cap of US Greenback-PEGGED StableCoins has crossed $ 230 billion, many countries are considering launching digital currency related to their respective national currency. Russia is also planning its own stablecoin due to US sanctions. It is clear from this that the world now wants more diversity to move away from the dollar dependence.
Citigroup report: What can change the trend?
However, according to a report of Citigroup (April 2025), most Stablecoins will be connected to the US Greenback in the coming years. But steps taken by countries like UAE show that Non-Rus Nations also have a serious intension to promote its digital currency.
Conclusion
This initiative of Abu Dhabi is not limited to launching only a new stablecoin, but it is an important strategic step towards making UAE’s digital financial ecosystem a leader on the global stage. Dirham-PEGGED Stablecoin can take UAE to the Next Level of Financial Innovation and Blockchain Adoption. If it gets a regulatory approval, it can make the UAE position even stronger in the International Digital Transactions in the coming years.
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