#AbuDhabiStablecoin
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#AbuDhabiStablecoin – April 30, 2025
AE Coin: UAE’s First Dirham-Backed Stablecoin Goes Live
Abu Dhabi is taking a major leap in digital finance by launching AE Coin, the UAE’s first stablecoin backed 1:1 by the UAE Dirham. The initiative is supported by key institutions and aims to modernize payment systems, support fintech growth, and enhance cross-border transactions.
Key Highlights:
Developer: AED Stablecoin LLC
Regulation: Approved in principle by the Central Bank of the UAE under the Payment Token Services Regulation (Circular No. 2/2024).
Peg: 1:1 with the UAE Dirham for price stability.
Goal: Faster, cheaper, and secure transactions across borders and industries.
Strategic Partnerships:
IHC (International Holding Company)
ADQ (Abu Dhabi Developmental Holding)
FAB (First Abu Dhabi Bank)
Together, these entities are launching stablecoin solutions to make the UAE a regional leader in digital finance.