Fasset and ADI Foundation announced a strategic partnership to launch infrastructure for a dirham-backed stablecoin in Abu Dhabi. Under the agreement, Fasset will handle regulated onboarding, KYC, and on/off-ramp infrastructure supporting the project in the UAE and the MENA region.
About the Fasset and ADI Foundation Partnership
The partnership was officially announced on December 24, 2025, in Abu Dhabi and involves building the technical and compliance infrastructure for the new stablecoin. ADI Foundation is presented as a nonprofit entity founded by Sirius International Holding, a subsidiary of IHC, while Fasset is responsible for client onboarding and KYC verification.
The collaboration includes several key participants: ADI Foundation, Sirius International Holding, IHC, and financial partners who will issue the stablecoin. This initiative fits into the broader context of blockchain adoption efforts in the region, comparable to other tokenization projects in the UAE, such as those advancing goods tokenization in Dubai.
Details of the Dirham-Backed Stablecoin
The stablecoin will be issued under the oversight of First Abu Dhabi Bank and IHC, indicating involvement of major local financial institutions. The geographic focus is the United Arab Emirates and the wider MENA region, where the partnership aims to support institutional adoption of digital assets.
The main goal is to create a regulated infrastructure for fiat-backed tokens and facilitate interaction between traditional banks and blockchain applications. For practical examples of stablecoin use in real payments, it is useful to review materials on expanding the use of currency tokens like USDC USDC usage.
Fasset’s Financial and Regulatory Support
Fasset will rely on its existing funding and regulatory approvals in participating in the project. The company has raised $26.7 million and holds approvals in multiple jurisdictions, which will be used to deploy the necessary KYC and on/off-ramp services.
Daniel Ahmed, COO and co-founder of Fasset, commented on the partnership’s significance: “This partnership reflects the shift from testing to real-world deployment of digital asset infrastructure.” This quote emphasizes the intent to move from pilot solutions to practical infrastructure use.
Why This Matters
For miners in Russia with 1–1000 devices, this partnership is mainly relevant from the perspective of infrastructure development and payment capabilities in the UAE region. The project aims to establish reliable channels for exchanging between fiat and digital assets, potentially simplifying operations for institutional participants and their ecosystems.
While it does not directly affect mining hardware operation or income amounts, the agreement may foster growth in products and services related to stablecoins, thereby expanding payment and storage options for market participants.
What to Do?
For private miners in Russia, it is useful to follow simple practices to stay prepared for changes in the global digital asset infrastructure. First, keep KYC documents organized and updated: this will speed access to platforms offering on/off-ramp services.
Second, monitor news about local and international withdrawal channels and payment solutions to adapt quickly if needed. Finally, maintain basic diversification in revenue storage and payment service interactions to reduce risks as new tools and partnerships emerge.
Frequently Asked Questions
What services will Fasset provide under the partnership? Fasset will be responsible for regulated onboarding, KYC, and on/off-ramp infrastructure for the dirham-backed stablecoin project.
When does the partnership take effect? The partnership became known on the announcement date—December 24, 2025—when the parties confirmed the agreement in Abu Dhabi.
Which region will benefit most? The primary geographic focus is the United Arab Emirates and the broader MENA region, where the project aims to support institutional blockchain adoption.
What is Fasset’s financial background? Fasset has raised $26.7 million in funding and holds regulatory approvals in multiple jurisdictions, which will be utilized to deploy services.