First Abu Dhabi Bank to issue UAE’s new Dirham-backed stablecoin, pending approval from the Central Bank. The digital token will operate on ADI blockchain and support machine-to-machine and AI-driven payment flows. The stablecoin is part of the UAE’s broader push to accelerate adoption of regulated digital assets and infrastructure. Three major financial institutions in the United Arab Emirates — International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) — have announced plans to launch a new stablecoin backed by the UAE dirham. The token will be issued by FAB, the country’s largest bank by assets, and regulated by the Central Bank of the UAE (CBUAE), pending final approval. 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 New Stablecoin to Operate on ADI Blockchain According to a joint statement released Monday, the stablecoin will be deployed on … The post UAE’s First Regulated Stablecoin to Be Issued by First Abu Dhabi Bank appeared first on Coin Edition .
