#AbuDhabiStablecoin

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In December 2024, AED Stablecoin obtained an official license from the Central Bank of the UAE to launch "AE Coin," the first stablecoin backed by the UAE Dirham. Each unit of AE Coin is linked to one Dirham held in a banking reserve within the country, enhancing stability and trust. The currency aims to support digital transactions and low-cost fast payments, and it can also be used in decentralized finance (DeFi) applications. The currency relies on blockchain technology to ensure transparency and security, and it is part of Abu Dhabi's efforts to enhance the digital economy and provide innovative financial solutions compliant with regulatory frameworks.