#AbuDhabiStablecoin AbuDhabiStablecoin Abu Dhabi is making significant strides in the digital currency arena with the introduction of two dirham-backed stablecoins: DRAM and AE Coin.

DRAM, developed by Distributed Technologies Research (DTR), is an Ethereum-based ERC-20 token pegged to the UAE dirham. Launched on decentralized platforms like Uniswap and PancakeSwap, DRAM is issued by Hong Kong-based DRAM Trust, ensuring that each token is backed by dirham reserves held in regulated financial institutions. While currently not available in the UAE or Hong Kong, discussions are underway to list DRAM on centralized exchanges outside these jurisdictions.