#AbuDhabiStablecoin – Quick Summary:

Abu Dhabi is becoming a global stablecoin hub with multiple initiatives:

AE Coin: UAE’s first regulated AED-backed stablecoin, approved by the Central Bank, backed 1:1, and supported by Mbank.

DRAM: A decentralized AED stablecoin launched by DTR for inflation-prone countries, tradable on Uniswap and PancakeSwap.

Tether AED: Tether plans to launch a dirham-pegged stablecoin in partnership with Phoenix Group and Green Acorn.

Circle: USDC issuer received approval to operate in Abu Dhabi, expanding stablecoin access.