🇦🇪 UAE Banks Launch First Dirham Stablecoin on ZKsync

🏦 UAE Banks Go Crypto

By zkSync
Oct 2, 2025, 4:21 PM
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ADI Chain joins ZKsync Elastic Network with ambitious plans to onboard 1 billion users by 2030.​

The project introduces the first Dirham-backed stablecoin developed by major UAE institutions:

  • First Abu Dhabi Bank
  • ADQ Official
  • IHC Official

Regulatory backing comes from the UAE Central Bank, providing institutional credibility.​

Target markets include Middle East, Asia, and Africa - regions currently underserved by blockchain technology.​

The initiative aims to bridge traditional finance with decentralized systems, leveraging ZKsync's Layer 2 infrastructure for scalability.​

Sources
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