#AbuDhabiStablecoin

The UAE is set to launch its first regulated dirham-pegged stablecoin, AE Coin, following in-principle approval from the Central Bank of the UAE (CBUAE). Issued by AED Stablecoin LLC, AE Coin is fully backed by the UAE Dirham and adheres to the CBUAE’s Payment Token Services Regulation. This regulatory framework mandates that stablecoin issuers hold their reserves in cash or UAE government bonds, ensuring stability and trust. AE Coin aims to bridge traditional finance with the crypto ecosystem, offering secure and efficient payment solutions. It is expected to facilitate seamless transactions for individuals and businesses, supporting the UAE’s Digital Government Strategy 2025.