Abu Dhabi ADI Foundation will issue UAE Dirham stablecoin

ChainCatcher news, the Abu Dhabi ADI Foundation announced progress in its mission to lead 1 billion people into the digital economy by 2030.

The foundation, established by Sirius International Holding, is developing a stablecoin backed by the UAE Dirham, which will be regulated by the Central Bank of the UAE and operate on the ADI Foundation blockchain. Additionally, the ADI Foundation will establish a platform to help the UAE cultivate a Web3-native and blockchain-ready workforce through blockchain literacy education and a prototype testing environment for Web3 solutions.