#AbuDhabiStablecoin Abu Dhabi is rapidly emerging as a hub for dirham-backed stablecoins, with several initiatives underway to integrate digital currencies into the UAE's financial ecosystem.
---
🇦🇪 AE Coin: UAE’s First Regulated Dirham-Backed Stablecoin
In December 2024, the Central Bank of the UAE (CBUAE) granted full regulatory approval to AE Coin, marking it as the country's first officially sanctioned dirham-pegged stablecoin. Developed by AED Stablecoin LLC, AE Coin is backed 1:1 by reserves held within the UAE, aiming to provide stability and trust in digital transactions .
---
🪙 DRAM: A Decentralized Dirham-Pegged Stablecoin
Launched in October 2023 by Distributed Technologies Research (DTR), DRAM is a dirham-backed stablecoin available on decentralized exchanges like Uniswap and PancakeSwap. Each DRAM token is pegged to AED 3.6725, equivalent to $1, and is designed to offer users in high-inflation regions exposure to the UAE's stable currency .
---
🏦 Upcoming Stablecoin Initiative by Abu Dhabi Financial Giants
As of April 28, 2025, three major Abu Dhabi entities—International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB)—have announced plans to launch a new dirham-backed stablecoin. This initiative aims to be fully regulated by the CBUAE and is expected to further integrate digital currencies into the UAE's financial infrastructure .
---
🌐 Tether's Plans for a Dirham-Pegged Stablecoin
In August 2024, Tether announced its intention to introduce a stablecoin pegged to the UAE dirham. The initiative, in collaboration with Phoenix Group and Green Acorn Investment, aims to provide an alternative to the U.S. dollar in global trade. The launch is pending approval from the UAE Central Bank .
---
🔍 Summary
Abu Dhabi's proactive approach to embracing dirham-backed stablecoins reflects its commitment to becoming a global leader in digital finance. These initiatives aim to provide stable, regulated digital currency options for both domestic and international users.