#AbuDhabiStablecoin The United Arab Emirates is advancing its digital economy by introducing AE Coin, the nation's first dirham-pegged stablecoin. Developed by AED Stablecoin LLC, AE Coin has received preliminary approval from the Central Bank of the UAE under the Payment Token Services Regulation. This stablecoin aims to provide a secure and efficient payment solution, fully backed by the UAE Dirham, with reserves held in cash or invested in UAE government bonds. AE Coin is designed to facilitate everyday transactions and integrate with decentralized finance (DeFi) platforms, reflecting the UAE's commitment to embracing blockchain technology and fostering innovation in financial services.