#AbuDhabiStablecoin
​Abu Dhabi is advancing its digital finance landscape with the Central Bank of the UAE granting in-principle approval for AE Coin, the nation's first dirham-pegged stablecoin. Issued by AED Stablecoin LLC under the Payment Token Services Regulation, AE Coin aims to bridge traditional finance and blockchain technology, offering a secure, fiat-backed digital currency. The regulatory framework mandates that stablecoins be fully backed by dirham reserves held in UAE banks or a combination of cash and short-term UAE government securities. This initiative aligns with the UAE's Digital Government Strategy 2025, positioning the country as a leader in regulated digital assets and fostering innovation in the crypto economy