#AbuDhabiStablecoin Abu Dhabi is taking major steps toward digital finance with its new stablecoin initiatives. The UAE Central Bank has approved AE Coin, a stablecoin backed 1:1 by the UAE dirham. It’s fully regulated and designed to ensure secure, stable digital payments. Three major Abu Dhabi entities, including a sovereign wealth fund, also plan to launch a similar stablecoin. In addition, Tether, the world’s largest stablecoin issuer, is working on a dirham-pegged coin in partnership with Abu Dhabi firms. These efforts show Abu Dhabi’s commitment to becoming a global hub for digital assets and modern, blockchain-based financial systems.
