#AbuDhabiStablecoin

Abu Dhabi is launching AE Coin, the first regulated stablecoin of the United Arab Emirates backed by the dirham (AED). It has received in-principle approval from the Central Bank of the United Arab Emirates, with the support of IHC and First Abu Dhabi Bank. AE Coin will be used for cryptocurrency trading, payments, and financial services, supporting the goals of the United Arab Emirates' digital economy.