#AbuDhabiStablecoin Abu Dhabi is accelerating its digital finance ambitions with the introduction of AE Coin, the UAE’s first dirham-backed stablecoin, approved by the Central Bank in December 2024. This move aligns with the UAE's broader strategy to become a global crypto hub, enhancing financial innovation and digital asset adoption. In support of this vision, Abu Dhabi's MGX investment fund, backed by the $330 billion Mubadala sovereign wealth fund, invested $2 billion in Binance, signaling confidence in blockchain's transformative potential. Additionally, Tether announced plans to launch a dirham-pegged stablecoin, further diversifying the UAE's digital currency landscape and offering alternatives to dollar-based stablecoins.