#AbuDhabiStablecoin 1. Launch of AE Coin: AE Coin is the UAE’s first fully regulated, dirham-backed stablecoin, introduced by Abu Dhabi.

2. Regulatory Approval: It has received in-principle approval from the Central Bank of the UAE (CBUAE) under the Payment Token Services Regulation (Circular No. 2/2024).

3. Pegged to UAE Dirham: AE Coin maintains a 1:1 peg with the UAE Dirham and is fully backed by domestic reserves to ensure stability.

4. Regulatory Framework: The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) proposed a framework for fiat-referenced tokens (FRTs) like AE Coin.

5. Reserve Requirements: Issuers are required to hold reserve assets equal to or greater than the value of tokens in circulation and must conduct daily mark-to-market valuations.

6. Integration with DeFi: AE Coin can be used on decentralized finance (DeFi) platforms, enabling activities like lending, borrowing, and earning interest.