#AbuDhabiStablecoin

Abu Dhabi is set to launch AE Coin, a stable coin pegged 1:1 to the UAE dirham (AED), aiming to revolutionize digital payments. This initiative is a collaboration between Abu Dhabi's sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC), with issuance by FAB pending regulatory approval from the Central Bank of the UAE (CBUAE) . AE Coin will operate on the ADI blockchain, supporting advanced use cases like AI-driven transactions and machine-to-machine payments . Fully backed by UAE reserves, it aims to provide a secure, efficient digital payment solution, enhancing financial inclusion and positioning the UAE as a global leader in regulated digital finance. (AE Coin set to transform UAE's financial landscape with Dirham ..., UAE Stable coin to Launch Pending Approval From Central Bank, Abu Dhabi institutions plan a dirham-pegged stable coin)

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