#AbuDhabiStablecoin The UAE Launches First Stablecoin Backed by the Dirham

In a new digital achievement, the United Arab Emirates has launched the first stablecoin backed by the Emirati Dirham called AE Coin, as part of the initiative aimed at enhancing the country's position as a global hub for financial technology and blockchain.

What is AE Coin?

AE Coin is a digital stablecoin backed 1:1 by the Emirati Dirham, and aims to provide a stable and secure digital payment method that facilitates transactions and digital transfers within and outside the UAE.