#AbuDhabiStablecoin
💠 AE Coin: The first licensed stablecoin backed by the Dirham
In October 2024, AED Stablecoin LLC received preliminary approval from the Central Bank of the UAE to launch AE Coin, which is the first stablecoin fully backed by the UAE Dirham and is regulated under "Payment Token Services".Finadium+2Gulf Today+2gulfnews.com+2
Advantages of AE Coin:
Fully licensed by the Central Bank of the UAE.
Backed 1:1 by the UAE Dirham.
Aims to facilitate local and international digital payments.
Operates on a blockchain network, focusing on security and transparency.
