#AbuDhabiStablecoin

Abu Dhabi is making significant strides in the digital finance sector with the introduction of AE Coin, the first UAE Dirham (AED)-backed stablecoin. This initiative is part of the UAE's broader strategy to become a global hub for digital assets and blockchain technology.

AE Coin: A Regulated Dirham-Pegged Stablecoin

AE Coin has received full regulatory approval from the Central Bank of the UAE (CBUAE) under the Payment Token Services Regulation. Each AE Coin is pegged 1:1 with the UAE Dirham and is fully backed by reserves held within the country, ensuring stability and trust in digital transactions.

Collaborative Efforts by Abu Dhabi's Financial Giants

In a move to further bolster the digital economy, three major Abu Dhabi entities—International Holding Company (IHC), Abu Dhabi Developmental Holding Company (