#AbuDhabiStablecoin
AE Coin: the first regulated stablecoin of the UAE
In December 2024, the Central Bank of the UAE granted final approval for the launch of AE Coin — the first stable digital asset pegged to the dirham. Its issuer is AED Stablecoin LLC, and the launch took place in Abu Dhabi in partnership with Mbank through the AEC Wallet platform.
AE Coin is fully backed by reserves in the national currency and meets the regulator's requirements for transparency and security. Its goal is to provide instant, reliable, and low-cost transactions for businesses and users, as well as integration with DeFi platforms.
This step is part of the UAE's strategy for developing the digital economy and strengthening the country's position as a global financial hub.
