#AbuDhabiStablecoin Title: Abu Dhabi Emerges as a Hub for Dirham-Backed Stablecoins

Abu Dhabi is making major strides in digital finance with the launch of dirham-pegged stablecoins. AE Coin, the first stablecoin approved by the Central Bank of the UAE, is fully backed by dirham reserves and compliant with UAE regulations. Additionally, Tether has announced plans for a dirham-based stablecoin in partnership with local firms. Distributed Technologies Research also launched DRAM, a dirham-backed token aimed at emerging markets. These initiatives reinforce Abu Dhabi’s vision to become a global blockchain and fintech leader.