#AbuDhabiStablecoin

#AbuDhabiStablecoin refers to AE Coin, the UAE's first fully regulated stablecoin pegged 1:1 to the dirham. Launched by AED Stablecoin LLC with approval from the Central Bank of the UAE, AE Coin aims to provide a secure, transparent digital currency for everyday payments and DeFi applications. Additionally, Tether, in partnership with Phoenix Group, plans to introduce a dirham-backed stablecoin, further bolstering the UAE's position as a global crypto hub. These initiatives reflect Abu Dhabi's commitment to integrating blockchain technology into its financial ecosystem, offering stability and efficiency in digital transactions. (UAE’s Groundbreaking Approval of AE Coin: A New Era for Dirham-Backed Stablecoins – TLP Advisors, AED Stablecoin secures UAE Central Bank approval to launch AE Coin | Corporate-news – Gulf News, Tether to launch stablecoin pegged to UAE's dirham)

#AbuDhabiStablecoin