#AbuDhabiStablecoin

Abu Dhabi is advancing its digital finance goals with the launch of dirham-backed stablecoins. AE Coin, issued by AED Stablecoin LLC, is the UAE’s first fully regulated stablecoin, backed 1:1 by UAE dirham reserves and approved by the Central Bank. Tether is also developing a dirham-pegged stablecoin in partnership with Phoenix Group and Green Acorn Investment, pending regulatory approval. Additionally, Paxos has received in-principle approval to issue stablecoins and provide crypto services in Abu Dhabi. These efforts reflect the UAE’s commitment to financial innovation, regulatory clarity, and positioning itself as a leader in the global digital asset economy.