#AbuDhabiStablecoin Last Year December UAE introduced AE Coin, Their First Stablecoin Pegged to the UAE Dirham. Receiving it's approval from the UAE Central Bank to foster UAE's aspirations of becoming a Cryto incentive nation.

Though in August 2024 Tether announced plans of launching a Stablecoin backed by the UAE dirham aiming to offer an alternative to the US Dollar.