{"id":103099,"date":"2025-04-29T00:00:00","date_gmt":"2025-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/"},"modified":"2025-04-29T00:00:00","modified_gmt":"2025-04-29T00:00:00","slug":"abu-dhabi-powerhouses-plan-aed-backed-stablecoin","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/","title":{"rendered":"Abu Dhabi powerhouses plan AED-backed stablecoin"},"content":{"rendered":"

IHC, ADQ, and First Abu Dhabi Bank (FAB) plan to launch a new AED-backed<\/strong> stablecoin<\/strong>, according to an ADX disclosure (pdf)<\/a>. The new stablecoin will be issued by FAB and fully regulated by the Central Bank of the UAE (CBUAE). It will operate on the ADI blockchain, developed by the ADI Foundation. <\/p>\n

SOUND SMART-<\/strong> Stablecoins are digital currencies pegged to fiat currencies, making them less volatile alternatives to BTC and ETH. <\/p>\n

\u201cThis stablecoin will be used as a reliable digital currency across a wide range of everyday scenarios <\/strong>\u2014 by citizens and consumers, businesses and institutions- by citizens and consumers, businesses and institutions,\u201d the statement said. \u201cIt will also support emerging digital use cases such as machine-to-machine and AI.\u201d<\/p>\n

REMEMBER-<\/strong> AE Coin became the UAE\u2019s first AED-pegged stablecoin<\/a> to receive final approval from the CBUAE for launch in December 2024, following the issuance of a regulatory framework<\/a> by the Financial Services Regulatory Authority (FSRA) for stablecoin issuance in the ADGM. <\/p>\n

The involvement of three big powerhouses gives further impetus to the burgeoning crypto sector in the UAE<\/strong>, and shows signs of stablecoin adoption becoming more mainstream \u2014 especially as traders and consumers alike look for ways to bypass traditional systems and speed up payments. Other recent votes of confidence: ADX-listed crypto miner Phoenix Group and cryptocurrency giant Tether<\/a> \u2014 owner of the world\u2019s biggest stablecoin, USDT \u2014 are planning to launch an AED-pegged stablecoin, while AI investment firm MGX invested<\/a> a bumper USD 2 bn via stablecoin in Binance earlier this year. <\/p>\n

The story got ink<\/strong> in Reuters<\/a> and Bloomberg<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

The move is a vote of confidence in the sector that has already been booming in the UAE<\/p>\n","protected":false},"author":1,"featured_media":103100,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1558],"tags":[72,107,7,65,108],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-adq","tag-crypto","tag-enterpriseam-uae","tag-first-abu-dhabi-bank","tag-ihc","wpautop","entry"],"acf":{"mongo_id":"72308412-6ef3-4cc5-b051-e35c453f7849","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2388.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi powerhouses plan AED-backed stablecoin","related_issue":[103092],"teaser":"The move is a vote of confidence in the sector that has already been booming in the UAE","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.f522aafc-10b4-4509-8706-5aabffc120b3.mp3"},"yoast_head":"\nAbu Dhabi powerhouses plan AED-backed stablecoin - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Dhabi powerhouses plan AED-backed stablecoin\" \/>\n<meta property=\"og:description\" content=\"The move is a vote of confidence in the sector that has already been booming in the UAE\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Abu Dhabi powerhouses plan AED-backed stablecoin\",\"datePublished\":\"2025-04-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\"},\"wordCount\":262,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADQ\",\"CRYPTO\",\"EnterpriseAM UAE\",\"First Abu Dhabi Bank\",\"IHC\"],\"articleSection\":[\"CRYPTO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\",\"name\":\"Abu Dhabi powerhouses plan AED-backed stablecoin - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-04-29T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Abu Dhabi powerhouses plan AED-backed stablecoin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Abu Dhabi powerhouses plan AED-backed stablecoin - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/","og_locale":"en_US","og_type":"article","og_title":"Abu Dhabi powerhouses plan AED-backed stablecoin","og_description":"The move is a vote of confidence in the sector that has already been booming in the UAE","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/","og_site_name":"UAE","article_published_time":"2025-04-29T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Abu Dhabi powerhouses plan AED-backed stablecoin","datePublished":"2025-04-29T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/"},"wordCount":262,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1","keywords":["ADQ","CRYPTO","EnterpriseAM UAE","First Abu Dhabi Bank","IHC"],"articleSection":["CRYPTO"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/","name":"Abu Dhabi powerhouses plan AED-backed stablecoin - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1","datePublished":"2025-04-29T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Abu Dhabi powerhouses plan AED-backed stablecoin"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/103099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=103099"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/103099\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/103092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/103100"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=103099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=103099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=103099"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=103099"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=103099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}