Abu Dhabi has decided to do what America long lost — to build a system based on real currency, common sense, and the gold of the desert
The three giants from the UAE — the sovereign fund ADQ, First Abu Dhabi Bank (FAB), and IHC — sat at the same table, not to divide oil, but to create a stable digital currency backed by the dirham. It's like if Goldman Sachs, the Federal Reserve, and Elon Musk decided to create 'USStable'. Only without inflation, the CIA, and elections.
This is not some phantom crypto drawn at a hackathon in a garage. This is a project approved by the Central Bank of the UAE. Think about it: a country where littering on the beach gets you fined $1000 is issuing an official stablecoin suitable for both burgers in Dubai and transactions in Shanghai.
Numbers
• 1 AE Coin = 1 dirham (AED) — hard peg.
• AED Stablecoin LLC — the first company to receive regulatory approval under Circular No. 2/2024.
• Security? 100% fiat backed in the bank. No Luna, no algorithms, no promises, but real dirham.
• Speed? Transactions are faster than ordering a taxi in Abu Dhabi.
• Potential reach? 9.5 million residents of the UAE + the entire cross-border payment market with Asia and Africa.
Scenario for 2026: you are in Turkey, want to buy a kebab. The local lira is jumping, the dollar is in short supply, and the seller says: 'I accept AE Coin, brother.'
And now — the most interesting part: Tether, the very giant USDT, also came with a bow. They are already collaborating with Phoenix Group and Green Acorn to launch their AED-pegged stablecoin. The question is: who will eat whom first?
And the second question: why is dollar hegemony silent?
Abu Dhabi is not just launching crypto. They are building an alternative financial system, where there is no SWIFT, no Washington, and no Moody’s with downgraded ratings.
They are building a new oil Bretton Woods, only without the Americans.