#AbuDhabiStablecoin

Abu Dhabi has seen the launch of stablecoins pegged to the UAE dirham, aiming to provide stability and efficiency in transactions. Here are the key points about these stablecoins:

- *Stablecoins Launched*:

- *DRAM*: Distributed Technologies Research (DTR) launched a stablecoin called DRAM, pegged to the UAE dirham, to provide access to the UAE's stable currency for countries with high inflation. It was listed on Uniswap and PancakeSwap in October 2023.

- *AE Coin*: AE Coin, regulated by the Central Bank of the UAE, is another dirham-pegged stablecoin that ensures consistent value and eliminates price volatility risk. It's built on blockchain technology to provide stability, efficiency, and security in transactions.

- *Regulatory Framework*: The Central Bank of the UAE has introduced regulations allowing dirham-backed stablecoins, while excluding bitcoin and dollar-pegged stablecoins, except in financial-free zones.

- *Adoption Plans*: AE Coin plans to build partnerships with banks, payment gateways, and tech firms to drive adoption and list on major exchanges.