Abu Dhabi is advancing its digital finance landscape with the introduction of AE Coin, the UAE's first regulated dirham-backed stablecoin. Developed by AED Stablecoin LLC, AE Coin received in-principle approval from the Central Bank of the UAE under the Payment Token Services Regulation. Each AE Coin is fully backed by UAE dirham reserves, ensuring stability and security for users. The stablecoin aims to facilitate seamless transactions, from everyday payments to decentralized finance (DeFi) applications, aligning with the UAE’s Digital Government Strategy 2025. This initiative positions Abu Dhabi as a pioneer in regulated digital currency, fostering innovation in the region's financial ecosystem.
