#AbuDhabiStablecoin

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#AbuDhabiStablecoin – April 29, 2025

Abu Dhabi is rapidly emerging as a global leader in digital finance. The UAE's Central Bank has granted final approval for AE Coin, the nation's first dirham-pegged stablecoin. Fully backed by reserves within the UAE, AE Coin aims to provide stability and efficiency in digital transactions .

In a significant move, Abu Dhabi's sovereign wealth fund, MGX, invested $2 billion in Binance, marking the exchange's first institutional investment. This investment, made in stablecoins, underscores the UAE's commitment to becoming a crypto innovation hub .

Moreover, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market has proposed a regulatory framework for fiat-referenced tokens (FRTs), aiming to supervise and standardize stablecoin issuance .

With these developments, Abu Dhabi is positioning itself at the forefront of the digital currency revolution, blending regulatory foresight with technological innovation.

#CryptoUAE #Stablecoin #AEcoin #DigitalDirham #BlockchainMiddleEast

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