#AbuDhabiStablecoin

Abu Dhabi has introduced AE Coin, the UAE's first regulated stablecoin, receiving final approval from the Central Bank of the UAE (CBUAE). AE Coin is pegged 1:1 to the UAE Dirham and is fully backed by reserves held within the country, ensuring stability and mitigating the volatility often associated with cryptocurrencies . This initiative aligns with the UAE's Digital Government Strategy 2025, aiming to foster innovation and enhance the digital economy . AE Coin leverages blockchain technology to offer secure, transparent, and cost-effective financial services, supporting decentralized finance (DeFi) applications and seamless digital transactions . The launch of AE Coin positions the UAE as a leader in integrating digital currencies into mainstream financial systems. ([AE Coin: UAE’s first-ever Stablecoin receives final CBUAE license to launch