#AbuDhabiStablecoin Abu Dhabi is leading financial innovation in the region with the launch of AE Coin, the first stablecoin backed by the dirham and approved by the Central Bank of the United Arab Emirates (CBUAE). This initiative was announced by AED Stablecoin LLC in October 2024, marking a milestone in the country's digital strategy.

AE Coin is designed to offer stability and efficiency in digital transactions, fully backed by reserves in dirhams and subject to regular audits. Its issuance is framed within the regulatory framework established by the CBUAE, which prohibits the use of algorithmic stablecoins and privacy tokens, allowing only the use of dirham-backed tokens for payments.

In addition, AE Coin is integrated with decentralized finance (DeFi) platforms, allowing users and businesses to access services such as loans, savings, and payments without traditional intermediaries. This integration reinforces the UAE's commitment to financial innovation and its vision of becoming a global hub for digital assets.

With the backing of key entities such as IHC, ADQ, and FAB, AE Coin represents a significant step toward the digitalization of the UAE economy, aligning with the UAE Government's Digital Strategy 2025.