#AbuDhabiStablecoin

Abu Dhabi has taken an important step in the development of the digital economy: AED Stablecoin LLC has received preliminary approval from the Central Bank of the UAE to launch the country's first stablecoin, pegged to the dirham — AE Coin. This step aligns with the UAE's digital government strategy for 2025, aimed at integrating blockchain technologies into the financial system.

AE Coin will be fully backed by reserves in dirhams, held in UAE banks, ensuring stability and transparency. This stablecoin will enable secure and efficient payments, as well as integration with decentralized finance (DeFi) platforms. It will become the first digital asset regulated by the Central Bank of the UAE, enhancing trust in digital currencies in the region.

This step underscores the UAE's ambition to become a leader in digital finance in the Middle East.