#AbuDhabiStablecoin #AbuDhabiStablecoin Abu Dhabi is making significant strides in the digital currency landscape with the introduction of AE Coin, the UAE's first regulated dirham-backed stablecoin. This initiative is part of the nation's broader strategy to establish itself as a global hub for digital finance.

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Reuters

🇦🇪 AE Coin: The UAE’s First Dirham-Backed Stablecoin

AE Coin is a stablecoin pegged 1:1 to the UAE dirham (AED), offering a digital alternative to traditional fiat currency. Each AE Coin is fully backed by reserves held in UAE banks, ensuring stability and trust. The Central Bank of the UAE granted in-principle approval for AE Coin under its Payment Token Services Regulation framework, marking a significant milestone in the country's digital currency development .

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