#AbuDhabiStablecoin Abu Dhabi has recently introduced AE Coin, a UAE dirham-backed stablecoin approved by the Central Bank of the UAE. This initiative is part of the country's broader strategy to position itself as a regional hub for digital finance and blockchain innovation. AE Coin aims to provide a stable digital currency option for transactions and investments within the UAE and potentially beyond.

In alignment with this strategy, MGX, an investment arm of Abu Dhabi's sovereign wealth fund Mubadala, has made a significant move by investing $2 billion in Binance, one of the world's leading cryptocurrency exchanges. This investment underscores Abu Dhabi's commitment to integrating blockchain technology into its financial ecosystem and reflects