UAE’s FAB Bank and ADQ to Launch AED Stablecoin on ADI Blockchain

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-04-28 20:19:01

First Abu Dhabi Bank (FAB) and sovereign wealth fund ADQ are collaborating to introduce an AED-pegged stablecoin, designed to streamline both local and international payments. The stablecoin will be issued by FAB and built on the ADI blockchain, a UAE-developed network by the ADI Foundation.

The initiative aims to revolutionize digital payments by enabling seamless transactions in a world where identity, governance, and value Flow securely and verifiably. Emerging use cases like machine-to-machine payments and AI-driven transactions will also be supported.

Hana Al Rostamani, Group CEO of FAB, emphasized the transformative potential of the stablecoin across industries, calling it a game-changer for blockchain-based payments in the UAE.

By:

Log in to Reply

TRUMP Meme Coin Jumps 60% as ’Dinner with Trump’ Hype Fuels Speculative Rally

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.