#AbuDhabiStablecoin

In April 2025, Abu Dhabi establishes itself as a benchmark in the development of stablecoins backed by fiat currencies, particularly the Emirati dirham (AED), marking a key step towards financial digitization in the United Arab Emirates. The AE Coin, issued by AED Stablecoin LLC, received preliminary approval from the Central Bank of the UAE, becoming the first regulated stablecoin in the country, fully backed by dirham reserves and aimed at facilitating secure transactions and integrations with DeFi platforms. Meanwhile, Distributed Technologies Research (DTR) launched the DRAM stablecoin on platforms like Uniswap and PancakeSwap, although its circulation is not permitted in the UAE or Hong Kong, seeking listings on international exchanges. Additionally, First Abu Dhabi Bank, along with ADQ and IHC, is working on a third stablecoin backed by dirhams that will operate on the ADI blockchain, still subject to approval. These actions reflect Abu Dhabi's strategic commitment to position itself as a regional leader in financial innovation through the use of blockchain technology and regulated digital currencies.