In October 2024, the UAE made a breakthrough: AE Coin became the first stablecoin pegged to the dirham. It was launched by AED Stablecoin LLC with prior approval from the Central Bank. AE Coin is fully backed by the national currency and regulated according to the 'Regulation of Payment Token Services' standards. The digital dirham combines the stability of fiat with the flexibility of blockchain — ideal for daily payments, DeFi, and business settlements. Its launch is a strategic step in the development of the UAE's digital economy. Abu Dhabi positions itself as a regional leader in financial innovations and Web3 solutions.