#AbuDhabiStablecoin

Abu Dhabi has launched AE Coin, the UAE's first fully regulated stablecoin, approved by the Central Bank of the UAE (CBUAE). Pegged 1:1 to the UAE Dirham (AED), AE Coin offers a stable, secure, and efficient digital currency solution. Developed under the CBUAE’s Payment Token Services Regulation, AE Coin aims to revolutionize financial services by providing instant, low-cost, and transparent transactions. It supports decentralized finance (DeFi) applications, e-commerce, and remittances, aligning with the UAE's Digital Government Strategy 2025. The stablecoin is fully backed by reserves within the UAE, ensuring consistent value and eliminating price volatility risks . (UAE’s Groundbreaking Approval of AE Coin: A New Era for Dirham-Backed Stablecoins – TLP Advisors, AED Stablecoin secures UAE Central Bank approval to launch AE Coin | Corporate-news – Gulf News, AED Stablecoin obtains in-principal approval from the Central Bank of the UAE to establish and issue its own currency – Arab Daily, UAE stablecoin AE Coin gets green light from Central Bank | AGBI)