represents Abu Dhabi’s push into digital finance with fully regulated, dirham-backed stablecoins. AE Coin, launched by AED Stablecoin LLC and backed by Al Maryah Community Bank, is the UAE’s first approved stablecoin under the Central Bank’s Payment Token Services Regulation. Additionally, a new initiative by ADQ, First Abu Dhabi Bank, and IHC plans to introduce another dirham-backed stablecoin, pending approval. These projects aim to ensure financial stability, integrate blockchain into the UAE’s economy, and support decentralized finance (DeFi) applications. With strong regulatory backing, Abu Dhabi is positioning itself as a leading hub for digital innovation and blockchain adoption.