#AbuDhabiStablecoin

Abu Dhabi has announced the launch of a new stablecoin called AE Coin, fully backed by the UAE Dirham and regulated by the Central Bank, in partnership with three major institutions: ADQ, FAB, and IHC. This initiative aims to enhance digital transformation in the UAE economy and facilitate daily payments and transactions between individuals and businesses through blockchain technology. AE Coin will be used on the ADI network to ensure transparency and security, and it is a strategic step to affirm the UAE's position as a global hub for digital assets. This currency is expected to have a significant impact on the digital finance landscape both locally and internationally.