{"id":51515,"date":"2025-04-29T10:39:01","date_gmt":"2025-04-29T10:39:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/abu-dhabi-institutions-announce-plans-for-new-dirham-backed-stablecoin\/"},"modified":"2025-04-29T10:39:01","modified_gmt":"2025-04-29T10:39:01","slug":"abu-dhabi-institutions-announce-plans-for-new-dirham-backed-stablecoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/abu-dhabi-institutions-announce-plans-for-new-dirham-backed-stablecoin\/","title":{"rendered":"Abu Dhabi Institutions Announce Plans for New Dirham Backed Stablecoin"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Three major players from Abu Dhabi have come together to launch a new dirham-pegged stablecoin, aiming to push the UAE further into the global blockchain space. The collaboration includes Abu Dhabi\u2019s sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC).<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>ADQ, First Abu Dhabi Bank, and International Holding Company are behind the new stablecoin.<\/strong><\/em><\/li>\n<li><em><strong>The stablecoin will be backed by the UAE dirham and regulated by the central bank.<\/strong><\/em><\/li>\n<li><em><strong>It will run on the ADI blockchain and support machine-to-machine payments and AI applications.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>The announcement, made on April 28, outlines that the stablecoin will be fully backed by the UAE dirham and will operate under the oversight of the country\u2019s central bank, pending regulatory approval.<\/p>\n<p>The stablecoin will be powered by the ADI blockchain, which was developed by the ADI Foundation, a nonprofit organization focused on helping financial systems and governments integrate blockchain solutions.<\/p>\n<p>ADQ stated that the stablecoin project is part of a larger effort to strengthen the UAE\u2019s digital infrastructure and place the country at the \u201cforefront of global blockchain innovation.\u201d The stablecoin will also be designed to support advanced use cases such as machine-to-machine payments and artificial intelligence-driven transactions.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Established in 2018, ADQ plays a key role in the UAE\u2019s investment strategy, focusing heavily on critical infrastructure and global supply chains. IHC, with a market value of over $243 billion, is one of the country\u2019s largest investment firms and has close ties to Abu Dhabi\u2019s ruling family.<\/p>\n<p>FAB, the largest bank in the UAE, was created in 2017 through the merger of First Gulf Bank and National Bank of Abu Dhabi. Its participation brings a major banking backbone to the stablecoin project.<\/p>\n<p>If approved, the new stablecoin could offer a new layer of reliability and speed for transactions across industries in the UAE and beyond, blending traditional financial strength with blockchain innovation.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/abu-dhabi-institutions-plan-new-dirham-backed-stablecoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Three major players from Abu Dhabi have come together to launch a new dirham-pegged stablecoin, aiming to push the UAE further into the global blockchain space. The collaboration includes Abu Dhabi\u2019s sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC). Good [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":51516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51515"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51515"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51516"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}