#AbuDhabiStablecoin [](https://cryptoslate.com/abu-dhabis-mgx-invests-2b-in-binance-marking-largest-institutional-stablecoin-backed-crypto-deal/)
#AbuDhabiStablecoin represents a significant step in the UAE's ambition to become a global hub for digital finance. In October 2024, AED Stablecoin LLC secured in-principle approval from the Central Bank of the UAE to issue AE Coin, the nation's first regulated dirham-backed stablecoin. This move aligns with the UAE's Digital Government Strategy 2025 and aims to revolutionize financial services by offering unmatched stability, security, and efficiency. ([Crypto exchange Binance gets $2 bln investment from Abu Dhabi's MGX](https://www.reuters.com/technology/binance-says-abu-dhabis-mgx-invests-2-bln-into-crypto-exchange-2025-03-12/?utm_source=chatgpt.com), [First UAE-Dirham backed Stablecoin Launched: AED Stablecoin secures UAE Central Bank approval - Fintech News UAE - Fintech News UAE](https://fintechnews.media/first-uae-dirham-backed-stablecoin-launched-aed-stablecoin-secures-uae-central-bank-approval-fintech-news-uae/?utm_source=chatgpt.com), [AED Stablecoin secures UAE Central Bank approval to launch AE Coin | Corporate-news – Gulf News](https://gulfnews.com/amp/business/corporate-news/aed-stablecoin-secures-uae-central-bank-approval-to-launch-ae-coin-1.1728906640252?utm_source=chatgpt.com))
In a landmark development, Abu Dhabi's MGX investment group, backed by Mubadala, invested $2 billion in Binance, the world's largest cryptocurrency exchange. This investment, made in a stablecoin, underscores the UAE's commitment to integrating blockchain technology into its financial infrastructure. ([UAE crypto bet is a new twist on AI infrastructure](https://www.reuters.com/breakingviews/uae-crypto-bet-is-new-twist-ai-infrastructure-2025-03-13/?utm_source=chatgpt.com), [Crypto exchange Binance gets $2 bln investment from Abu Dhabi's MGX](https://www.reuters.com/technology/binance-says-abu-dhabis-mgx-invests-2-bln-into-crypto-exchange-2025-03-12/?utm_source=chatgpt.com))
The approval of AE Coin and the strategic investment in Binance highlight the UAE's proactive approach to fostering a robust digital economy. These initiatives not only enhance the country's financial services but also position it as a leader in the global digital